Posted Dec 11, 2023, 11:12 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,209
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A little more...
https://www.bloomberg.com/news/artic...uverify%20wall
Citadel’s Ken Griffin Taps St. Patrick’s Air Rights to Boost NYC Office Tower
-Citadel is working with Vornado, Rudin to build new skyscraper
-Archdiocese says money will likely go to cathedral’s upkeep
By Natalie Wong
December 11, 2023
Quote:
Citadel’s Ken Griffin is in contract to purchase air rights from St. Patrick’s Cathedral in Manhattan to build a giant skyscraper that will house Citadel on Park Avenue.
Griffin, alongside Vornado Realty Trust and Rudin, have been working to map out plans for a 1.7 million-square-foot tower that would replace three properties at 350 Park Ave.
A limited liability company struck an agreement with the trustees of the iconic cathedral in New York to buy anywhere from 315,000 square feet (29,000 square meters) to 525,000 square feet of excess development rights from 631 Fifth Ave., where St. Patrick’s Cathedral is located, according to a court filing.
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