Speaking at an investor conference yesterday, Vornado CFO Joseph Macnow gave word that the company’s troubled plans for Harlem Park, an office tower on 125^th Street, have been officially scuttled.

“We’ve shut down a couple of development projects,” Mr. Macnow said. “We were going to build the first office building in Harlem in 50 years on 125^th Street and Park Avenue. We’ve shut that project down. The economics are not warranted today to do that job.”

Vornado had once wanted to build a 630,000-square-foot office building as a home for a Major League Baseball television network. The developers said they had tentative leases on only about one-third of the space, and thus Vornado couldn’t find financing to build the tower.

In preparation for the tower, Vornado had even gone to the community board and negotiated a concession package in order to gain an exemption from a planned rezoning that would have limited the height.