Prudential Financial Inc.
The Hole in Times Square
Howard and Edward Milstein's sale of 11 Times Square--the hole at 42nd Street and 8th Avenue--went through last month for a total of $305,952,384, according to online property records, which comes to about $350 a zoning square foot. (The Times had it as "more than $260 million" when the contract was signed.) And it's not just the Parsippany, New Jersey-based SJP Properties that's in on the deal--Prudential Insurance has a stake as well, it turns out. The Milsteins were planning a 35-story building with rooftop atrium spire. See the old website here.
-Matthew Schuerman
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