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MLB May Bail Harlem Tower Plan
By
Jen Chung
Published Aug 25, 2008
Modified Aug 25, 2008
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By
Jen Chung
Published Aug 25, 2008
Modified Aug 25, 2008
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Back in January, it was reported Major League Baseball's new TV network would be the anchor tenant at a planned 21-story glass skyscraper on 125th Street and Park Avenue. Then last month, the skyscraper was reportedly undergoing some changes, since developer Vornado was having trouble securing financing. Now, it looks like there's more trouble, as the NY Times says the plan has started to "unravel," because Vornado wants MLB to "take additional space and pay $2 million a year more in rent." Now MLB may consider staying in Secaucus, NJ and bypass a move to NYC. City officials and Vornado are trying to salvage the deal--Vornado chairman Steve Roth said, "We’re working hard to put this back on track as an important project for our city and this area."
Tagged
development
harlem
mlb
MLB tower
MLB TV
real estate
vornado
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
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