Quote:
...many view the property as a prime development site where the 1960s-era office building could be demolished and replaced with high-end residential condos.
If someone saw that value and bid up the price, they would either have to find a way to boot SLG from its lease or work with the REIT to redevelop the site.
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Either way, it's a prime development site that could see a nice tower rise.
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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.
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