NEW YORK | 1855 Broadway | FT | FL

JMKeynes · #1 Posted **Oct 17, 2019, 8:06 PM**

https://therealdeal.com/2019/10/17/g...=feature_posts

Crawford · #2 Posted **Oct 17, 2019, 8:15 PM**

Extell already owns the adjacent building, and there's a separately owned assemblage covering the southern half of the block. I'd bet serious money Extell is trying to buy the whole block.

This will be a major development. Gary Barnett strikes again!

JMKeynes · #3 Posted **Oct 17, 2019, 8:19 PM**

Hopefully, it will be another supertall.

Barney Greengrass · #4 Posted **Oct 17, 2019, 9:58 PM**

NYIT has its graduate architecture program in this building, in fact there is a killer model lab with multiple 3d printers, a CNC machine, laser cutters, table saws, you name it, on the 11th floor with a stunning view of Columbus Circle and the park. Hope they enjoy it while it lasts!

chris08876 · #5 Posted **Oct 17, 2019, 10:07 PM**

This sounds like a long term play for the next cycle. When the market picks up for ultra-luxury, the next CPT in the making, when the current inventory is mostly sold.

Barney Greengrass · #6 Posted **Oct 17, 2019, 10:12 PM**

Quote:

Originally Posted by chris08876

This sounds like a long term play for the next cycle. When the market picks up for ultra-luxury, the next CPT in the making, when the current inventory is mostly sold.

That would make sense because when I asked the grad director a few months back if he was concerned about a sale and had any idea where grad arch would move he seemed utterly unconcerned. This building will stand another couple years most likely.