After successfully ousting Aby Rosen from the Chrysler Building's leasehold, Cooper Union faces the challenge of revitalizing the iconic skyscraper. The institution, with its real estate advisor Savills, acknowledges the need for significant capital investment. The building suffers from high vacancy rates, outdated design, and infrastructure issues, necessitating strategic planning to restore its value. Rosen's expertise will be missed, posing challenges in finding a capable successor to manage this historic property.
"We are evaluating the alternatives for the future of the landmark, we understand there's going to have to be significant capital investment." - David Heller
"Whatever Rosen's failings might have been, he's an experienced real estate developer with the know-how needed to restore and update a classic property." - Article quote
"Operating a Chrysler Building is not the school's forte; we must think strategically to ensure its revival and update it for contemporary needs." - Article quote
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