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Originally Posted by NYguy
Could be some very close competition as the luxury highrise craze heats up in New York...it would probably come after though.
http://online.wsj.com/article/SB1000...420710814.html
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Even some successful properties near Central Park are being eyed for a change to residential use. Consider 650 Madison Ave., a 27-story office tower, which has been put up for sale. Although it fetches top-tier office rents, the property's seller is highlighting in marketing material that a buyer would be able to tear it down and build a condo tower, with hotel and retail, in its place once the properties' leases expire.
An 800-foot residential tower could be built on the site at 60th Street, according to marketing material sent to potential buyers by advisory firm Eastdil Secured LLC. It's a "development opportunity without peers," the marketing material says.
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May 19, 2013
By ELIOT BROWN
http://commons.wikimedia.org/wiki/Fi...son_Avenue.jpg |
More tall buildings for this part of Manhattan is exactly what we need. I do wonder how long this building will be a significant feature on the skyline though, with all the new ultra-luxury residentials popping up like mushrooms after a rainstorm I think that it might be essentially hidden on all sides as soon as 10 years from now.