Monday, March 16, 2009

Federal Building #2: The Saga Continues

At top, you can see the Federal Building #2 (on 3rd Avenue and 31st Street) as it currently looks.

Then, how Time Equities intended it to look.
Ah, the plans of mice and men....
Time Equities has withdrawn their bid to purchase the buildings from the City and spend $100 Million to renovate them as a result of the current economic crisis.

The City, apparently, will now try and purchase the building from the federal government for $1 in order to drive down the asking price for whatever developer is to be selected. Only time will tell....