Aby Rosen, after parting ways with the Chrysler Building, is focusing on redeveloping the adjacent Trylons at 145-155 E. 42nd Street. Owning the property outright gives him more flexibility compared to his previous leasehold situation at the Chrysler. The 13,000-square-foot lot presents opportunities for substantial floor space upon demolition of the existing structures. Rosen's vision includes a potential building of up to 100,000 square feet. He acknowledges the current design's aesthetic shortcomings while aiming to lease the property based on market demand rather than selling it outright.
This is a wonderful opportunity. We always had the idea to redevelop it.
Between you and me, it's rather ugly.
The 13,000 square-foot lot can support 100,000 square feet of floor space as-of-right once the old structure is demolished.
He intends to lease the parcel, not sell it. His options are open depending on market demand.
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