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A rendering of the redeveloped One Madison Ave. A rendering of the redeveloped One Madison Ave.

NEW YORK CITY—In a very busy day for the office REIT, SL Green Realty Trust reports it plans to purchase a majority interest in the Kaufman Organization’s 460 W. 34th St. office building here and plans to undertake a major redevelopment of the property.

The firm, which issued multiple significant ownership and leasing announcements at properties in Manhattan, also released today sweeping redevelopment plans for its One Madison Ave. office building next to Madison Square Park.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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