Pyrex wrote:I imagine that whole block must be protected, no? How on Earth are they planning to get planning approval for that?
I have always thought that building to be very interesting, from a real estate perspective, particularly when Macy's was planning on spinning it off into a REIT - how do you value that? It is simultaneously, in theory, super valuable (massive footprint in the middle of Midtown Manhattan) and worthless (wouldn't be able to do anything with it if/when it's tenant defaults - way too large to get another retail tenant in, too historical to be able to repurpose the space).
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