[reencharles]

Wow They will demolish a large building ... I hope they can make a very modern building and super high. Still going very close to the 432 Park Place. It seems that Bloomberg's dream will come true. Just a pity that this will be demolished in 2015 and be built later (if the world does not end at the end of this year).


EDIT: I was reading this part:
"Complicating the redevelopment for 425 Park and other buildings on Park Avenue is a quirk of the city's zoning code that would force Mr. Levinson to build a smaller tower if he demolished the existing building in its entirety. To avoid this, Mr. Levinson plans to leave in place the steel skeleton for the bottom 25% of the building, the minimum required.

The Bloomberg administration has told landlords it is considering boosting the development rights for office building owners in parts of eastern Midtown. But that plan would likely take at least another year and a half before it would be finalized, and Mr. Levinson has said he needs to begin planning now under the current rules. "

And... It's a shame that Mr. Levinson will not wait for the upzoning to build something higher, since the rezoning it will take to be done, and the company wants to start planning early on this project. But let's see, a lot can change.