Just two months ago, Vornado Realty Trust was boasting about financial behemoth Citadel’s appetite for New York real estate, vowing to create a new icon for the Manhattan skyline.
“There will be nothing like this available in New York,” Glen Weiss, Vornado’s executive vice president, said in a February earnings call, referencing a 62-story development on Park Avenue for Ken Griffin’s empire. “This will be the best building built in the city by far.”
That project – estimated to cost $6 billion — is now at risk following New York City Mayor Zohran Mamdani’s attack on Griffin’s ...
