Strike Out: MLB's 125th Street Tower Project Canceled

Here's a timeline for developer Vornado's planned 21-story glass skyscraper at 125th Street and Park Avenue. January: Announce that Major League Baseball will be the anchor tenant. July: Reduce the size of the building to 14 stories, because of financial concerns. August: Reports that MLB will bail the building, because Vornado wanted MLB to take more space and pay more in rent. December: Announce the project is is not happening by saying, "We were going to build the first office building in Harlem in 50 years on 125th Street and Park Avenue. We’ve shut that project down. The economics are not warranted today to do that job.”

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Comments (6) [rss]

Vornado is twisting in the wind.

Shouldn't MLB HQ be somewhere in the Carribean?

They should move their offices to Newark. Plenty of abandoned buildings there. MLB's grandiosity and pomposity knows no limits...

And Bill Clinton is moving to Georgetown. Or so I hear.

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There's no good reason for MLB's offices to be in one of the most expensive zip codes. Newark, sure. Or Dayton, Boise, whatever.

Its staying in Secaucus.
The writing for this has been ont he wall for months.
Between the stuff in the article and the money they've spent revamping the MSNBC building its a no-brainer.

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