If approved, the tower would stand at 1,010 feet.

The company is acquiring NYC real estate at "extraordinarily discounted prices."

Related Ross sees opportunities from luxury condos to mixed-use retail.

The portfolio includes a total of 18 buildings totalling 10 million square feet.

The assets take up a total of 1.4 million square feet.

"Companies that do get hybrid right will outperform their competitors."

The deal will give the investment service firm the 12th, 21st, 23rd, 34th, and 35th floors.

The market is poised to see a boom.