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Carnegie Hall Tower 'Done Deal' Falls Through as Clinton Mulls Harlem Space

NEW YORK CITY-In a move that caught more than a few people by surprise, former President Bill Clinton has nixed plans to move into the pricey Midtown office tower, opting--under much public pressure--for cheaper space. The frontrunner now is 55 W. 125th St.

By Amy Vaughn, Anthony Garritano, John Salustri | Updated on February 13, 2001

NEW YORK CITY-The Bill Clinton office saga has been major news for at least a month. As of last week, many insiders were calling his pending lease at Carnegie Hall Tower a done deal, while opponents such as Rep. Ernest Istook (R-Oklahoma) publicly denounced having the taxpayers cover the lease. The 8,300 sf Clinton had been eyeing at the tower was estimated by industry experts to be worth about $800,000 a year, as comparable space in the area went for anywhere from $50 to $70 per sf. While the payment set-up is standard for former presidents, other former presidents had not leased such pricey space on the taxpayer’s dime.

News broke last night that plans for Carnegie Hall Tower were dead and that Clinton’s newly favored spot is 55 W. 125th St. in Harlem. In a broadcast interview, Rep. Charles Rangel (D-Harlem) put the estimated value of the lease “in the $300,000 range.” Rangel also said that he had been lobbying for Clinton to consider Harlem well before he left office.

Despite the rampant rumors about the Harlem space–no deal has been inked as of yet–Janel Patterson of the city’s Economic Development Corp. tells GlobeSt.com that she has no knowledge of a Harlem deal.

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