Quote:
Originally Posted by CoolCzech
I wonder if anyone out there is considering finishing this tower, in a manner similar to the Hearst Tower? I would assume the air rights are a done deal...
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I don't know if it can be done, but if it could, there's a potential tenancy issue.
11 Madison Ave. is the World HQ for Credit Suisse, one of the most powerful banks on earth. Their HQ is absolutely gorgeous, and they occupy the entire building on a long-term lease.
I assume there would be serious issues if the landlord built 1000 feet of office space above their workspace.
On the other hand, Credit Suisse is in growth mode, and is already cramped for space. Maybe they could work with the landlord to add to the building?
Who knows, maybe such preliminary discussions have already taken place.