Extell files plans to build commercial condo
January 27, 2009 09:10AM
West 47th Street, between Fifth and Sixth avenues
Extell Development has filed plans with state Attorney General Andrew Cuomo's office to build a commercial condominium at 44 West 47th Street, between Fifth and Sixth avenues. The 39-story building, called Diamond Tower, will have 900,000 square feet of diamond industry facilities, like showrooms and offices, and regular commercial units. Extell is reportedly selling the neighboring 30 West 47th Street to Jemco after buying the building last year for $50.1 million because it needed the air rights for the new Diamond Tower. [Post]
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Comments
Anonymous
This is a fantastic idea. As companies get smaller and technology allows for less people in the office, this is very smart for future businesses and for Extell.
Comment #1 Posted By: Anonymous 01/27/09
Anonymous
#1 This is idiotic. The business landscape in Manhattan has just changed for the next decade or two. There's no need for this project. Extell should just hand over the deed to the lender.
Comment #2 Posted By: Anonymous 01/27/09