cranky cuoz is crabbing about empty offices and the 111 wall street reno --
Tower at 111 Wall Street epitomizes crisis of NYC’s commercial real-estate market
By Steve Cuozzo
June 8, 2023
The tower at 111 Wall St. epitomizes the crisis that faces the Manhattan commercial real-estate market — and the city itself.
The 1960s-vintage tower emerged from its ugly-duckling original appearance as a born-again downtown gem after a top-to-bottom redesign.
But the timing couldn’t be worse for its owners, who invested close to a half-billion dollars and face a collapse in demand for office space.
more:
https://nypost.com/2023/06/08/tower-...estate-market/
Nightingale Group and Wafra Capital Partners bought a $175 million long-term leasehold on the 25-story, 1.2 million-square-foot tower at 111 Wall St. in 2019 when Citigroup moved out. Google Maps