$72 M. for Would-Be HuffPo Home

675sixth 0 $72 M. for Would Be HuffPo Home Ever since the Mattel Building at 675 Sixth Avenue lost its namesake toymaker, the upstairs office space has presented a puzzle.

The retail space is by now the happy home of Trader Joe’s, but the upper levels, which were converted to office spaces in 1986 under the ownership of Israel Taub’s Chelsea Green, are likely to lose one of their major tenants. The Gap, which had design offices in the building, is set to move out in 2012, as it consolidates its headquarters into 265,083 square feet at 40 Worth Street.

Earlier this year, the Huffington Post was set to move into the cavernous Chelsea office building, but that plan fell through when instead they headed for the AOL headquarters on lower Broadway. But it looks like something might finally be afoot, as the landlord has obtained a huge $72 million mortgage from Capital One.

Calls to Israel Taub and the building’s representative, Newmark Knight Frank, were not returned.

lkusisto@observer.com

Article continues below
More from Politics
STAR OF DAVID OR 'PLAIN STAR'?   If you thought "CP Time" was impolitic, on July 2 Donald Trump posted a picture on Twitter of a Star of David on top of a pile of cash next to Hillary Clinton's face. You'd think after the aforementioned crime stats incident (or after engaging a user called "@WhiteGenocideTM," or blasting out a quote from Benito Mussolini, or...) Trump would have learned to wait a full 15 seconds before hitting the "Tweet" button. But not only was the gaffe itself bad, the attempts at damage control made the BP oil spill response look a virtuoso performance.  About two hours after the image went up on Trump's account, somebody took it down and replaced it with a similar picture that swapped the hexagram with a circle (bearing the same legend "Most Corrupt Candidate Ever!"!). Believe it or not, it actually got worse from there. As reports arose that the first image had originated on a white supremacist message board, Trump insisted that the shape was a "sheriff's star," or "plain star," not a Star of David. And he continued to sulk about the coverage online and in public for days afterward, even when the media was clearly ready to move on. This refusal to just let some bad press go would haunt him later on.
Donald Trump More Or Less Says He’ll Keep On Tweeting as President