[IMGCAP(2)]The city held a conference just after 3 p.m. on 33rdbetween 10th and 11th avenues on the Eastern Yards to detail theMTA's decision. Tishman Speyer, a developer that owns RockefellerCenter and the Chrysler Building, edged out what started as fivedevelopers, who all began the bidding war last fall for the land,which is the last largest undeveloped part of Midtown Manhattan.Last month, Brookfield Properties dropped out of the race.Tishman's closest rival--a JV of the Durst Organization and VornadoRealty Trust--had Conde NastPublications signed on as an anchor tenant. Other firms in therunning were Extell Development Co., and the Related Cos.
[IMGCAP(3)]"We are in a recession and it has had a great impacton New York City," began Gov. David Paterson during the pressconference. "It has had a great impact and yet we are stilllaunching a project, which shows optimism in the city's future."The MTA owns the land and will use the money to fund operations andcapital expenses--including an extension of the nearby No. 7 subway line,which began construction in December.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
