^ Posted above, highly unlikely.
Quote:
Originally Posted by ChiND
NY Guy,
The Real Deal said that a new tower at 250 Park can be up to 1 m sf.
Could it be more if JPMC buys air rights from some entity?
I assume that a 1 m sf+ tower on this very small piece of land could be pretty tall.
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This is a complicated site. The max FAR is 27 (can get up to 30). Official footprint is about 25,000 sf, though according to city records, it's actually larger. The footprint is very small, which would push the tower upwards. But at some point, giving city zoning, it doesn't make as much sense for an office tower to get smaller towers as it gets above supertall height. It would make more sense for residential. But JPMC could be looking at this as an opportunity to expand right in its own backyard, in its own towers, rather than continue to lease space.