„ While debate rages over the future of the office, one investor is looking for someone bullish enough to build a 1 million square foot tower near Grand Central Terminal.
The 1920s-era building is 76 percent occupied, but AEW has structured the leases so a buyer can terminate them and demolish the edifice. With special permitting bonuses available under the Midtown East rezoning, a new building could be as large as 950,000 square feet.„
https://therealdeal.com/new-york/2024/03/29/aew-capital-management-looks-to-sell-250-park-avenue/
NEW YORK | 250 Park Ave | FT | FLOORS
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