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Property & Building Corp. To Redevelop Former HSBC Tower in New York

Move Comes As Firm Issues Bonds To Pay Off $385 Million Loan to JPMorgan Chase
The New York property at 452 Fifth Ave. will be redeveloped. (Property & Building Corp.)
The New York property at 452 Fifth Ave. will be redeveloped. (Property & Building Corp.)
CoStar News
May 31, 2024 | 8:49 P.M.

A Manhattan property by Bryant Park and overlooking the New York Public Library will be overhauled after its owner successfully issued bonds to pay off a $385 million outstanding loan to lender JPMorgan Chase.

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