SUBSCRIBERS

Neighbourhood opposition to NY skyscraper plan

Along Billionaire's Row, at least eight skyscrapers are underway with apartments selling for megabucks

Published Wed, Aug 19, 2015 · 09:50 PM
Share this article.

New York

HERNDON Werth met with several lawyers last week in a restaurant around the corner from his home of more than 40 years on a sleepy stretch of 58th Street, near luxurious Sutton Place on the East Side of Manhattan. They offered to give him an apartment rent-free for life, moving expenses and, by one account, US$1 million, if only he would vacate his rent-regulated studio on the top floor of a six-storey brownstone.

A developer has already bought three …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here