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Silverstein Properties Inc. is an American family-held, full-service real estate development, investment and management firm based in New York City. Founded in 1957 by Chairman Larry Silverstein , the company specializes in developing, acquiring, and managing office , residential , hotel , retail, and mixed-use properties.
A building can last for decades or even centuries, and the land underneath it is practically indestructible. As a result, real estate markets are modelled as a stock/flow market . Although the proportion is highly variable over time, the vast majority of the building supply consists of the stock of existing buildings, while a small proportion ...
In May 2006, MJW announced that, despite having paid $40 million for the building and investing another $10 million in the project, it would put the building up for sale. [14] Boyle Heights native and boxer Oscar De La Hoya, who said he used to shop as a child at the Boyle Heights Sears store with his mother, tried to revive the redevelopment ...
Buildings were to be designed with specific criteria, A "Class A" building was one which was on a major street of a major city, surrounding by expensive building and expected to generate at least $800,000 in revenue. These buildings would have marble or granite exteriors, marble interiors, ornamental bronze, and other similar fixtures. [5]
In June 2013, Boston Properties placed the building's leasehold for sale with a starting price of $1.6 billion. [ 137 ] [ 138 ] [ 139 ] At the time, Ann Taylor, O'Melveny & Myers, and law firm Pryor Cashman were among the largest tenants, while Ann Taylor and Ruby Tuesday occupied the retail space. [ 140 ]
Tower 49 is an office skyscraper in the Midtown Manhattan neighborhood of New York City.The lot has frontage on both 48th and 49th Streets between Fifth Avenue and Madison Avenue. [2]
5-over-1 or over-1s, also known as a one-plus-five or a podium building, [1] is a type of multi-family residential building commonly found in urban areas of North America. [ 2 ] [ 3 ] The mid-rise buildings are normally constructed with four or five wood-frame stories above a concrete podium, usually for retail or resident amenity space.
A building or edifice is an enclosed structure with a roof and walls, usually standing permanently in one place, [1] such as a house or factory. [1] Buildings come in a variety of sizes, shapes, and functions, and have been adapted throughout history for numerous factors, from building materials available, to weather conditions, land prices, ground conditions, specific uses, prestige, and ...
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