The REIT “plans to move forward with a similar design and conversion plan — without the casino,” Kim said Monday in a note to clients.
“This would entail converting the 1.75 million-square-foot office building to a 992-room hotel, and establishing Summit Times Square atop the building, an expanded podium to house experiential entertainment, additional signage — and potentially a High Line-type pedestrian podium connected to other buildings,” Kim said.
Herschenfeld said. “For the podium programming, when was the last time any of you visited a theme park and saw the latest and greatest in ride technology? It’s all virtual now. It’s become so real that you feel like you’ve traveled the distance of a Coney Island roller coaster, but yet, you remained in the confines of a 10,000-square-foot room.”
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