Hines is delaying MoMa tower, Cuozzo says
October 20, 2009 11:00AM
53 West 53rd Street rendering
Development group Hines is deliberately trying to delay its Jean Nouvel-designed MoMa-adjacent tower, while placing blame on the city, according to New York Post columnist Steve Cuozzo. After City Planning Commissioner Amanda Burden told the group that its proposed tower on West 53rd between Fifth and Sixth avenues would be restricted to 1,050 feet, not the 1,250 feet that Hines had hoped, the developer made a stink, he said. According to Hines, Cuozzo said, the shorter structure won't be financially sustainable. But the developer's woes extend beyond 200 feet, Cuozzo says -- according to him, the group doesn't yet have the necessary financing to complete the project. [Post]
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