New York real-estate investor, YoungWoo & Associates of Manhattan, and Seattle property developer, Sabey Corp., have reached a tentative deal to buy the former downtown Verizon tower for more than US$100 million. Currently the building is owned by M&T Bank
Despite a need for many renovations, the building is very appealing to Sabey due to it’s sturdy floors, high ceilings and electrical capacity, as the company is known for developing former telecom properties into spaces for data centres.
Source: NYC Convergence