NEW YORK CITY-Equity Office has announced plans to replace the distressed building at 124 W. 42nd St. with a new retail tower and a public plaza.
By GlobeSt News Hub|September 28, 2010 at 01:01 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
NEW YORK CITY-Equity Office has announced plans to replace the distressed building at 124 W. 42nd St. with a new retail tower and a public plaza. The firm is investing $27 million in the project.
The proposed three-story plaza will measure 42,000 square feet, which will include 21,000 square feet as below grade. Construction will commence after January 1, 2011, and expected to be opened in November 2011. Cushman & Wakefield serves as consultant for retail-brokerage for Equity Office. For the full story, go to New York Post.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Want to continue reading? Become a Free ALM Digital Reader.
Once you are an ALM digital member, you’ll receive:
Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
3 free articles* across the ALM subscription network every 30 days
Exclusive discounts on ALM events and publications
*May exclude premium content
Already have an account? Sign In Now
CRE professionals are relying more on data and analytics to drive decision making. Discover how alternative data sets provide a competitive edge on everything from choosing the best location for your next development opportunity to optimizing existing real estate footprints.
Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!
Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.