How much is that Air Space Outside the Window?

Leave the Donnell Library the Way it Is. It Rocks!

Cuius est solum, ejus est usque ad caelum et ad inferos
(“To whoever owns the land, shall own the earth to its center and up to the heavens”)–Wiki air rights

New York Times, November 30, 2005, “$430 a Square Foot, for Air? Only in New York Real Estate

How do you build a “35-story apartment tower with views of Central Park from the high floors,” when there ain’t no such land?

Well… buy the air rights from the Christ Church on Park Avenue for $30 mill (2005 values) and the air rights of the Grolier Club at East 60th Street for $7 mill (2005 values).

Humma, in today’s values wouldn’t that be even more than what the Orient-Express Ltd. has agreed to pay New York Public Libraries for land space?

Nothing like thinking outside of the space? Could it be that New York Public Library could have its land and eat it too?

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s