Quote:
Originally Posted by JMKeynes
NY Guy, you seen to have insight into these filings. Is there any technical reason why they’re filing for a smaller tower? Maybe BP just thinks that a smaller spec tower would be easier to finance.
https://newyorkyimby.com/2022/08/boston-...-343-madison-avenue-in-midtown-east.html
The new tower is significantly smaller than the proposed 1,050-square-foot supertall with 55 stories that would have yield 832,613 square feet of office space, 5,357 square feet of retail space, and 5,357 square feet of subterranean circulation paths to Grand Central Terminal and the future East Side Access project. The filed permits call for a 780-foot-tall development that will yield 750,400 square feet of commercial space |
The only reason I would have for the difference in filings and plans is that the air rights transfers aren’t complete. We see it all the time. I’m surprised they would be filing NB permits this early, considering how much demo is left to complete.
As usual, time will show what’s going on.
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