Taconic-led JV to develop Times Square-area rental tower

Taconic Investment Partners and National Real Estate Advisors teamed up to gain control – via a long-term ground lease – of the 1199SEIU union’s Times Square headquarters, where the partners plan to build a $250 million rental tower. The joint venture plans to finalize a 99-year lease later this week for the parking lot at 311 West 42nd Street and the office building at 310 West 43rd Street, Crain’s reported. The 1199SEIU healthcare workers’ union […]

Source: Real Estate

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