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Stock impact report

Billionaire's new building to soar over Midtown for one very specific reason [Yahoo! Finance]

Vornado Realty Trust (VNO) 
Last vornado realty trust earnings: 2/18 04:38 pm Check Earnings Report
US:NYSE Investor Relations: vno.com/investor-relations/overview
Company Research Source: Yahoo! Finance
The ambitious project aims to revitalize the neighborhood, which suffered from widespread vacancies during the pandemic-induced downturn. Teaming up with real estate giants Vornado Realty Trust and Rudin, Griffin's Citadel and Citadel Securities will anchor the development at 350 Park Ave. The highly designed project is aiming to lure workers back to the office in a step away from working from home. Announced by the mayor's office last Tuesday, the venture signals a significant step in the ongoing revitalization efforts with the pandemic in the rear-view mirror. The skyscraper is slated for completion by 2032. Beyond its towering presence, the Foster + Partners-designed building will feature a vibrant public concourse adorned with seating, verdant green spaces and art installations. To pave the way for this property, the developers secured air rights from renowned landmarks such as St. Patrick's Cathedral and Saint Bartholomew's Church. The transaction, totaling $150 mill Show less Read more
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