NEW YORK CITY-The Empire State Building's owner is urging the New York City Council to amend or reject the construction of a proposed tower, 15 Penn Plaza.

On Wednesday, the City Council will decide on the project. The 67-story Penn Plaza tower will only be 34 feet lower than the Empire State Building. David Greenbaum, the president of the company preparing to construct the tower, told the committee that the new tower would provide office space critically needed in midtown Manhattan. For the full story, go to The Detroit Free Press.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

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
NOT FOR REPRINT

© 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.