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Stock impact report

Citadel's Griffin Pushes Ahead With Plans for Park Avenue Tower [BNN Bloomberg (Canada)]

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: BNN Bloomberg
Griffin and developers Vornado Realty Trust and Rudin have filed plans with New York City for their 1.8 million-square-foot (167,200-square-meter) skyscraper at 350 Park Ave., according to a statement Tuesday. Citadel and Citadel Securities will be the anchor tenants in the building, occupying at least 850,000 square feet of its office space. The project is expected to be completed by 2032 and will include a public concourse. The building, designed by Foster + Partners, “will provide our colleagues an extraordinary environment to collaborate, create and deliver on behalf of our investors in Citadel and clients of Citadel Securities,” Griffin said. To build the tower, the development partners will purchase air rights from the nearby St. Bartholomew's Church and St. Patrick's Cathedral, contributing a combined $150 million toward upkeep of the historic properties, according to the statement. New York's office market has been hit hard by high vacancies and reduced demand since t Show less Read more
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