Posted Jun 3, 2013, 9:32 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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Missed this little bit of news...
http://therealdeal.com/blog/2013/04/...holliday-says/
April 24, 2013
By Hiten Samtani
Quote:
SL Green’s president Andrew Mathias addressed the company’s growing residential portfolio, and singled out 1 Madison Avenue, which the company acquired in 2005, as a potential conversion project in the company’s portfolio. The site has 450,000 square feet of undeveloped air rights, Mathias said, and a lease with Credit Suisse that expires in 2020.
“It’s very feasible, very desirable,” Mathias said.
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http://seekingalpha.com/article/1368...pt?part=single
Quote:
David Toti - Cantor Fitzgerald & Co., Research Division
...my last question, given that your increased involvement in residential in recent years, do you think there are any opportunities in your portfolio, anything you may have especially coupled with your increasing development interest as well?
Andrew W. Mathias - President
Well, I think the most prominent is One Madison where we have 450,000 square feet of undeveloped air rights there and the lease with Credit Suisse that rolls in 2020. We did explore potential development there prior to 2008 and it's very feasible and very desirable. And that's certainly one that could get revisited in the future.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Last edited by NYguy; Jun 3, 2013 at 9:46 PM.
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