Despite the assertion, which we noted earlier, by David Lombino of Two Trees, that “There is only one possible use” of the Watchtower headquarters buildings (photo), “and that’s luxury condominiums”, The Real Deal, citing BloombergBusiness, notes that major Manhattan office developers have expressed interest in the property. Among those are Vornado Realty Trust and Silverstein Properties LLC. Others showing interest include L&L Holding Co. and Taconic Investment Partners, described by Bloomberg as “both pioneering developers in Manhattan’s technology-heavy midtown south office district”. Bloomberg also quotes Ofer Cohen, president of a Brooklyn based firm specializing in commercial properties, TerraCRG, as saying, “Every Manhattan office player is going to bid on this asset.”
Photo: Joe Mabel, Wikimedia Commons.