St. Bart’s Sells Air Rights for $78M
A partnership acquired the rights aiming to develop a Park Ave. office tower.
St. Bartholomew’s Church in Midtown Manhattan has agreed to sell at least 150,000 square feet in air rights to a partnership led by Citadel founder Ken Griffin with Rudin Management and Vornado Realty Trust, according to a report in Bloomberg. The transaction is valued at as much as $78 million, according to Crain’s New York Business, which first reported the deal.
The purchase would allow the team to develop an office tower along Park Avenue.
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