Joseph Moinian is selling off 1 million theoretical square feet in his 10 million sq. ft. portfolio with the news that he's looking for options in developing 605 West 42nd Street. The site, which comes with plans for a 65-story rental apartment tower designed by "architect of mediocrity" Costas Kondylis, was going to be an estimated $750 million to build. Good news for any joint partners: DOB permits are up-to-date and the foundation is 65% completed.[New York Post]
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