NEW YORK CITY-Equity Office has announced plans to replace thedistressed building at 124 W. 42nd St. with a new retail tower anda public plaza. The firm is investing $27 million in theproject.
The proposed three-story plaza will measure 42,000 square feet,which will include 21,000 square feet as below grade. Constructionwill commence after January 1, 2011, and expected to be opened inNovember 2011. Cushman & Wakefield serves as consultant forretail-brokerage for Equity Office. For the full story, goto New York Post.
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