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Old Posted Apr 28, 2007, 7:57 PM
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Dac150 Dac150 is offline
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Join Date: Sep 2006
Location: NY/CT
Posts: 6,749
To me J.P. Morgan had a perfectly fine building a few blocks away. Why they sold it I don't know (possibly because it was too small). This can go either way for me. This can pan out to be a very nice tower if negotiations are worked out or they can pull out and a flimsy residential tower can go up. To me you want these guys hanging around because they'll ensure a large office tower for that spot. If they take tower 2, then the tower 5 spot could not be as large.
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