Quote:
Originally Posted by Tectonic
03.08.14
©tectonic |
As much as I love this building, I hate the way it exposes this unfinished side of 450 park.
Given that 432 has used up all of its air rights and isn't likely to be redeveloped for many decades, if ever, is it possible that the owners of 450 would add new windows there and reclad the uncovered area? I have no idea how the economics work out, but does anyone have a decent idea of how much it costs to do this versus how much rents would increase as a result of additional window space?
My hunch is that the numbers would only justify such a move in the context of a residential conversion, but I hope I'm wrong about that.