The City Council and James Dolan’s Madison Square Garden Company appear to be headed toward another clash over plans to relocate the iconic sports stadium.
Madison Square Garden is now at the midway point of the 10-year timetable the city laid out in 2013 for the stadium to relocate and make way for a modern Penn Station.
But with five years left on its special operating permit, MSG appears to have taken no significant steps toward what would be a years-long process of acquiring a new … (0 comments)
Paul Kanavos’ Flag Luxury Group landed a $250 million loan for a planned Ritz-Carlton hotel in NoMad.
The building will be constructed on two adjacent parcels with the addresses 1185 Broadway and 29 West 28th Street. Flag Luxury filed permits for the property in 2016, with plans calling for a 164,400-square-foot building with 145 rooms.
Construction is currently underway. The latest Department of Buildings filings for the building are for the installation of underground plumbing and installation of fuel tanks. Once it’s built, the tower is expected to be 40 stories tall with a height of 580 feet.
The lender for the new mortgage is alternative … (0 comments)
MSG has just five years left on its special operating permit, but has announced no plans for a move 
;)
;)
;)
