Zaha Hadid

Kushner partner all but kills plan for Fifth Ave skyscraper

A grand plan once spearheaded by Jared Kushner to rescue the biggest deal in his career by razing a Fifth Avenue skyscraper and building luxury apartments in its place is all but dead, the co-owner of the building said Tuesday.

The comments from Vornado Realty Trust CEO Steven Roth suggest that Kushner's most ambitious purchase will continue to bleed money — tens of millions a year — as a deadline for repayment of the giant mortgage on the office building nears. Kushner sold his personal interest in the tower, the family's flagship property and headquarters, before joining the White House as a senior adviser to his father-in-law, President Donald Trump.

Kushner bought the...

30°