Wall Street could be getting a new residential property. Rudin Management is considering all its options for the badly storm-damaged 110 Wall Street, including a conversion to residences or a hotel, Crain’s reported. The company canceled its office tenants’ leases after Hurricane Sandy, citing the damage to the building.
“We didn’t want to keep our tenants in limbo, so we gave them notice we are terminating the leases,” Rudin CEO William Rudin told Crain’s. “This is the second time the building was flooded and we need to figure out a way to make this a sustainable property and that doesn’t happen overnight. It’s very complicated.” [more]