NYC Real Estate: Citadel’s Ken Griffin Leads Partnership to Buy Church Air Right

Ken Griffin is leading a partnership in purchasing air rights from St. Bartholomew’s Church in Midtown Manhattan, a move that would help the team develop an office tower nearby along Park Avenue.

St. Bart’s has agreed to sell at least 150,000 square feet (14,000 square meters) of development rights, which allow purchasers to build taller buildings elsewhere with proceeds used to maintain landmark properties, Right Reverend Dean E. Wolfe wrote Saturday in an email to his church community.

Source link

Recommended For You

About the Author: Tony Ramos

Tony Ramos is a seasoned expert in business funding and real estate investment, with a remarkable journey spanning over 20 years. His expertise in flipping properties and implementing the buy-and-hold strategy has positioned him well in the real estate investment sector. Tony's profound understanding of financial strategies extends to teaching individuals and businesses how to become debt-free and leverage the power of LLCs for funding. For insights, mentorship, or collaboration opportunities, Tony can be reached at Connect with him to unlock the potential of smart financial strategies and embark on a path to financial success and freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *