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Old Posted Jan 29, 2020, 2:05 AM
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suburbanite suburbanite is offline
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Join Date: Apr 2011
Location: Toronto
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Quote:
Originally Posted by chris08876 View Post
Hopefully 330 Madison on that list gets redeveloped. Vornado was bought out on that parcel originally. I'd keep a long term eye on that parcel, prime location for a super tall commanding great $/sq-ft. They had a renovation about 9 years ago, but just something to keep tabs on for the future. Its an eye sore that needs to go.
Wasn't 330 Madison recently re-clad? That type of capex doesn't bode well for a redevelopment. At these prices it would be extremely hard to make the economics work for a redevelopment of a productive office asset, even if you are building supertall.
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