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Strike Out: MLB's 125th Street Tower Project Canceled
By
Jen Chung
Published Dec 10, 2008
Modified Dec 10, 2008
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By
Jen Chung
Published Dec 10, 2008
Modified Dec 10, 2008
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Here's a timeline for developer Vornado's planned 21-story glass skyscraper at 125th Street and Park Avenue. January: Announce that Major League Baseball will be the anchor tenant. July: Reduce the size of the building to 14 stories, because of financial concerns. August: Reports that MLB will bail the building, because Vornado wanted MLB to take more space and pay more in rent. December: Announce the project is is not happening by saying, "We were going to build the first office building in Harlem in 50 years on 125th Street and Park Avenue. We’ve shut that project down. The economics are not warranted today to do that job.”
Tagged
canceled project
development
economy
harlem
real estate
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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