Vornado renews activity in Harlem

April 20, 2011 04:10PM

Vornado Realty Trust bought out its partners, the California Public Employees Retirement System, Magic Johnson and MacFarlane Partners at the stalled Harlem development site at 1800 Park Avenue near 124th Street, the New York Post reported. Vornado has not made public its plans for the site, but the Post said it renewed building permits for a 23-story garage, retail and office property. The firm had tried to develop 1800 Park in 2007 but couldn’t get enough commitments from anchor tenants. Meanwhile, in his annual letter to investors, Chairman Steven Roth said developer Mel Blum is rejoining the firm and that Vornado intends to pursue projects at 15 Penn Plaza and 220 Central Park South, currently owned by Extell Development. [Post]


Comments are closed.