Euthenizing the Gray Lady
Wouldn’t a controlled demolition of 229 West 43rd Street be a blast? After it’s vacated, of course.
Africa Israel Investments Ltd reported Monday that it had acquired the historical and prestigious New York Times building in Times Square, Manhattan for $525 million.
The purchase is the company’s largest ever real estate deal in New York.
Africa Israel said that the deal fit in with the company’s business strategy of large-scale investments in international projects.
The New York Times offices will move to a new building on 8th Avenue between 40th and 41st Streets this July.
In a similar massive deal in March, Africa Israel bought the Aphthorp [sic] building, a residential building in the Upper West Side of Manhattan, for $426 million.
I love the Apthorp: no setbacks, glass-and-steel, or other airy-fairy features. Just good solid stone. Same reason I like the Beresford.
Of course, just to show that I’m no Albert Speer wannabe, monolith-lover, I adore the Sherry-Netherland above all other New York buildings.