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Originally Posted by NYguy
It's looking more and more like it. I can't think of any other towers of this size with completion dates around that time, and particularly with the landlords involved. Maybe 15 Penn, although that's strictly Vornado. Guess we'll have to wait and see, but that 1 year extension is key for me. If the previous lease expired in 2027, that extra year signals more time for something to be completed in 2028.
I think it was unlikely they would leave Park Avenue for Downtown, or even the west side, unless there were no options. JP Morgan Chase also looked Downtown and to the west side for a new headquarters, but just happened to be in a position to rebuild their own headquarters when terms didn't pan out.
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The fact that they stayed with Rudin and signed a short-term lease is unmistakable evidence as to Blackstone's intent to anchor 350 Park. Rudin's prescient comment about meeting their long-term needs makes it crystal clear! I just home that the current design is what's built. I think that it's amazing.
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