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Anybody Want To Buy The Woolworth Building?
By
Garth Johnston
Published Apr 4, 2012
Modified Apr 4, 2012
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do you really need us to say left?
By
Garth Johnston
Published Apr 4, 2012
Modified Apr 4, 2012
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One of the most iconic buildings in New York is kind of on the market. Though nobody is commenting on the record, the Post's reliable Lois Weiss is reporting that the Woolworth Building's owners (Steve Witkoff’s Witkoff Group and Ruby Schron’s Cammeby’s International) are seriously considering offers for both the entire building and one for just the building's vacant tower, which they've been talking about converting to condos for years now.
The spectacular Woolworth Building, the tallest in the city when it went up in 1913, was sold to its current owners for about $137.5 million in 1998. They then spent much time cleaning it up and emptying out the tower but couldn't decide if they wanted to go condo or hotel. Now they may not have to. Because why choose when you can let someone else do it for you?
Considering the tremendous influx of residents downtown since 1998, not to mention the success of the Frank Gehry-designed Beekman Tower, we're sure any bid they accept (if they accept one) will include a tidy profit. Sadly, we seriously doubt it will also include an apartment for us.
Tagged
manhattan
real estate
woolworth building
Garth Johnston
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