NEW YORK | 625 Madison Ave | ~800 FT | 34 FLOORS

[DCReid]

Originally Posted by The New York Lion

You would they want maximum height to capitalize on CP views.

I believe that CP views are less important than large floor plates or amenities for an office building, if the rumor is correct that this will be an office building. If the rumor is for residential or perhaps mixed use, then yes for CP views.

[Crawford]

In the Plaza District, at least, CP views are extremely important. The GM Building and 9 West 57, both towers more than 50 years old, get crazy high rents for the park-view spaces.

If it's a Foster office tower overlooking CP, with a 1,300 ft. approved envelope height, I suspect it will be pretty tall.

[Zapatan]

Originally Posted by Crawford

If it's a Foster office tower overlooking CP, with a 1,300 ft. approved envelope height, I suspect it will be pretty tall.

Approved envelope doesn't mean much, it isn't always financially worth it to build to the max.

[NYguy]

Interesting. I've been out of town, and it's also been freezing out, so I haven't been by the site. But if Related is planning an office tower at the site, don't expect anything to happen anytime soon. Unless they are building a smaller, boutique like building (not the full build as shown by Vornado), maybe, but that wouldn't make sense. The need for approvals to build the larger tower is time consuming.

In the meantime, they are continuing with filings for the mixed-use tower. This was refiled just a few weeks ago in December...