Despite all the romantic blubbering to the contrary, the view from the top of the Empire State isn’t priceless; it’s worth $60 million a year. The enviable sum that the observation deck brings in, long speculated over, set other developers’ hearts aflutter when it was recently revealed as part of the building’s IPO proceedings. And now more and more of them are rushing to get into the observation deck business, according to Crain’s. If you’re going to build castles in the sky, why not get as much as you possibly can for the views? Read More
Battle of the Skyscrapers
Citigroup owns some of the most iconic office buildings in the city. Not only is there its headquarters at 601 Lexington, with its jagged roof and gravity-defying base, but also Queens’s tallest tower and a waterfront monolith in Tribeca. As Citi prepares to leave that last home and go in search of some 2.6 million square feet, the Journal reveals that “Citigroup managers had discussions with several landlords about developing a new tower for the company.” While the bankers just as well might stay put at 388 Greenwich, this got us thinking about exactly what on-the-horizon towers Citi could wind up in. Read More
For nearly a century, the 37-story Williamsburg Savings Bank Tower dominated the Brooklyn skyline, it’s 512 feet earning it the title of Brooklyn’s tallest building. Now, after memories of the recession have faded into the real estate abyss, ambitious developers are back in the game, ready to make their childhood Guinness Book of World’s Records dreams come true. Get ready for the Battle of the Buildings as next year, not one, but two Brooklyn developers plan to break ground on Brooklyn’s tallest skyscrapers, according to The Journal. Read More
Looks like Boston Mayor Tom Menino has not cooled off very much on the subject of Vornado.
Earlier this year, the mayor, upset about the stalled progress at a half-demolished, prime, Vornado-owned development site in downtown Boston, proclaimed his rage about comments made by Vornado chairman Steve Roth, who indicated he had encouraged blight on Read More
The full City Council has approved a 1,200-foot office tower planned by Vornado Realty Trust to rise atop the Hotel Pennsylvania, two blocks from the Empire State Building.
The owners of the Empire State Building today released a poll that queried people around the country about the place of the skyscraper in New York City’s skyline.
The point of the poll was to show that indeed this building has an iconic place in Americans’ vision of New York, and that changing the skyline would be Read More
New York Post Jack-of-all-trades Steve Cuozzo calls out Empire State Building owner Anthony Malkin in today’s paper for his tremendous “chutzpah” in trying to prevent a new skyscraper from obstructing his own tower’s extraordinary views.
The dispute between Mr. Malkin and landlord Vornado—which is planning to build a skyscraper at 15 Penn Plaza—was Read More