"The project has been referred out to the community boards for comment," said City Planning Commission spokesperson Jennifer Chait. Local community boards will now have 45 days to respond to the proposal.
Tishman Speyer, owner/manager of the Chrysler Building and Rockefeller Center, would develop the tower on property owned by Town & Country CEO Harvey Schulweis. The other half of the double block is owned by Brookfield Properties.
The NBA's retail store is at another Tishman Speyer building, 666 Fifth Ave. The NBA currently has offices in Secaucus, New Jersey as well as HQ at Olympic Tower. According to published reports, it is rumored that if the tower adjacent to Madison Square Garden is approved, the NBA will close the Secaucus office. Broker for the NBA was Jerry Cohen, formerly of Cushman & Wakefield.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
