Hearst is buying up building around its HQ – July: “a 21,000-square-foot apartment building at 811 Ninth Avenue for $17.1 million”; June: “a four-story building across the street for $4.9 million at 828 Ninth Avenue”; May: “an 8,100-square-foot building at 304 West 56th Street, a block from its skyscraper headquarters, for $7.6 million” – but won’t reveal why. They swear they’re not planning to build a new glass monstrosity, and onlookers suggest it might just be for tax purposes. Or, maybe they’re keen on snapping up lots that will look even more appealing to a developer willing to pay a premium.
Who cares, the new Good Housekeeping is here! [NYO]
No. 1
Jvguy says:
Word is that they are buying as much as they can int the vicinity so no one builds another building in the immediate area that would obscure/block the tower.
Posted: Aug 9, 2007 at 2:41 pm
You must log in to post a comment.
Need an account? Sign up! Registration is free and easy.