666 Fifth Avenue–Centerpiece In Kushner Empire, Obstacle To White House Ambitions?

[Trump is trying to name his son-in-law as the next President.  In this way, his Jewish backers will not even have to “create awareness” of candidate Jared Kushner, Trump will ordain him next President by slowly sliding him into high-publicity roles, like his oversight of everything Israel (SEE:  Soros the Power Behind Jared Kushner’s Throne ).]

Front of 666 Fifth Avenue

What exactly is going on with Kushner Companies’ 5th Ave. ‘reinvention’?

 

 

We have no idea whether Kushner Companies’ plan to “reinvent” 666 Fifth Ave. as a 1,400-foot-tall tower of luxury condos, a hotel and top-end retail will ever get built. My colleague Lois Weiss first reported last week that Kushner’s prospective partner, China’s Anbang, had declined to go ahead with a deal. A Kushner rep told the New York Times Monday that the company still expected to line up $2.5 billion in equity from other sources.

But, entirely separate from issues regarding Kushner’s possible conflicts of interest or the propriety of getting a Chinese cash infusion while President Trump’s son-in-law, Jared Kushner, is a close adviser to Trump are more down-to-earth matters.

One reported number is especially baffling: a $4.1 billion construction loan supposedly needed to realize late architect Zaha Hadid’s design. For a very tall but skinny tower that will have floor plates of just 10,000 square feet for most of its height?

SL Green needed only a $1.5 billion construction loan for One Vanderbilt, the highly sophisticated office tower it’s building next to Grand Central Terminal that’s 100 feet taller than a new 666 Fifth would be.

None of the World Trade Center office towers required a construction loan of more than $3 billion on sites much more complex than 666 Fifth.

And, the entire Second Avenue Subway cost $4.5 billion — including three new stations along a new, mile-and-a-half-long right of way.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s