Posted May 18, 2008, 11:30 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,899
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Quote:
Developer Peter Malkin is seeking to finance a US$660-million renovation of the Empire State Building to lure large firms to New York City's tallest skyscraper, a haven for small businesses for decades.
Wien & Malkin LLC, a New York-based real estate company, is asking investors in Empire State Building Associates LLC to approve borrowing to pay for modernizing the iconic 1930s office tower.
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This needs to get done. In the next few years when the area around Penn Station changes, there will be even more demand for modern office space.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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