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Originally Posted by Eidolon
Would be great if 220 CPS could start construction in time to join all the other construction going on around Central Park. That area will be home to a forest of cranes in the very near future.
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There would have to be some deal made with Gary Barnett of Extell. I walked by the site earlier today, and the building is almost down. Barnett may want to delay this until his own tower gets off the ground. Vornado seems to be pushing the point, but expect Extell to get something out of it.
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"They take away our clients, they empty out the building, and then say, 'You're in violation because you have an empty building,'" Gary Barnett, Extell's president, said when reached by phone Friday, expressing confidence he would prevail. "We have a valid lease for the next six years, and we don't think that any court in New York City is going to allow a landlord to throw us out and treat us unfairly."
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We'll see how it all turns out, but we could see 225 rising while this thing drags out in court.