RXR Chairman and CEO, Scott Rechler, recently spoke with Business Insider about the demand for Class-A office space in Manhattan and discussed the firm’s intended plans for new-build, 175 Park Avenue. Demand is high for the the 1,575-foot-tall tower, near Grand Central Terminal in midtown Manhattan, and will call for rents above $200 per square foot, among the highest ever sought in the city.
Rechler told Business Insider, “The last six, seven months, there’s not just people coming kicking the tires, there’s people that are really looking to engage.”
