I agree it's a strong possibility they're buying the building to keep it as is to preserve their global HQs southern views.
There's a big tower right behind it, so that doesn't make much sense. Even if you demolished 250 Park and made it a vacant lot, that wouldn't do much for views.
A sense of the footprint of 250 compared to JPMC's 270 Park, as well as the Roosevelt Hotel. A new tower at 250 would be a minimum of 900 ft. (which I'm fine with), likely something higher.
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
I think it's just as easily a possibility they bought it to prevent a view blocking structure than it is they intend to build one. If you were Chase and just built a two billion dollar palace of a HQ would you want some tower going up blocking a large swath of your S-SE view including choice views of the Helmsley Building?
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