Rosen said it might take two years to select a tenant and to design the new building.
A lot can happen in that time. I also like the building at 666 3rd Avenue, but if Tishman Speyer (I think they're in control of that) and Rosen could combine the lots, it would make something here worthwhile, and allow any tower portion to move away from the Chrysler Building, which sits on the western half of the block:
The lot would be about 47,000 sf, a little larger than that of One Vanderbilt. It could be built up to 33 FAR with special permits.
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