News
New York Retail

One Chase Manhattan Plaza Gets New Name, Makeover

Fosun International, the Chinese real estate investment firm that bought One Chase Manhattan Plaza in late 2013, plans to add 150k SF of new retail space and change the iconic building’s name to 28 Liberty, the Wall Street Journal reports. The makeover will cost between $100M and $200M and office rents will be comparable to those in 1 World Trade Center. Origin of the new name: The building’s views of the Statue of Liberty, and the association of the No. 8 with prosperity Chinese tradition, according to WSJ. But in American tradition, the word liberty sounds like making tons of money.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Ken Griffin Strikes $86M Palm Beach Real Estate Deal With Blackstone

Tax Break Fight Threatens Development In Housing-Starved Long Island

Fabletics To Add 25 New U.S. Storefronts

Vornado, Related's Google-Anchored Office Building Faces 'Imminent Default'

Flex Retail Is 'Hottest Asset' In Triangle Region, Developers Say

Simon Property Group To More Than Double $18M In Lost Saks Global Rents With New Leases

Pied-À-Terre Tax Won't Deter Buyers Long Term, Developers Say

Long Island City Lab Sells At A Loss: The N.Y. Deal Sheet

Ari Emanuel Invests In Broadway's Next Act With $6B Theater Buy

Yardi-Backed Flex Office Marketplace Launches In U.S. As Companies Plan To Up Attendance

SL Green Booted As Worldwide Plaza Manager Amid Foreclosure Battle

Wendy's Plots More Closures Amid U.S. Sales Slump