[Sky88]

In my opinion Vornado speaks a lot and does little. Is still struggling with plans for 1 and 2 Penn Plaza. If we consider that Vornado has many new potential sites in the Empire Station district, given the slowness with which it proceeds with the new projects, I do not know if Vornado succeeds in completing some new towers in that district. I have many doubts about it.

Now after 1 and 2 Penn Plaza, in my opinion Vornado should focus on Sites 7 and 8 where with 5.2 million sf could build two large towers of 1,400 ft and 1,250 ft high with a hotel inside and large commercial spaces.

I would also sell sites 4 and 5 and focus on the 350 Park Avenue project.

Finally, on site 6 could be built a tower of + 1,000 ft tall.