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The buyer is a London-based private equity real estate manager.
If approved, the tower would be 1,907 feet in height.
Meanwhile many are convinced inflation has been tamed.
RentCafe said the number of units increased four-fold from 2021 to 2024.
The index climbed to 44 in January, up seven points.
Kering appears bent on acquiring prime retail properties around the world.
Occupancy ran 150 bps above the national norm, doubling since the pandemic.
Manhattan led the way at 83.3% while Puget Sound completed the most square footage in the second half of 2023.
The partners are already in negotiations to buy $1 billion in office loans from different banks.
It has been widely noted that the department store's real estate is worth far more.