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Vornado CEO slams mayor's video, vows $4.5 B tower proceeds

5/6/2026

Summary

Roth Slams Video

On May 5 2026, Vornado Realty Trust CEO Steven Roth called Mayor Zohran Mamdani’s video an ugly, unnecessary stunt and dangerous.
He warned the video could jeopardize Ken Griffin’s partnership with Vornado and the Rudin organization on the $4.5 billion, 1.7 million-square-foot 350 Park Ave. tower.
Roth said the tower will still proceed, will house Griffin’s Citadel companies, generate millions in city taxes and create thousands of jobs.

Summary

Citadel Expands

Citadel will enlarge its Miami office building, announced Ken Griffin, CEO, on May 5 2026, while he said the Fed will keep rates unchanged because inflation stays high.
Food-truck operators Maria and Ash warned a Citadel pull-back on the $6 billion project would cut foot traffic.
Gerald Beeson, COO, said the 350 Park Avenue redevelopment would create 6,000 jobs and noted the 2025 shooting at 345 Park Avenue forced Blackstone to close offices, sending 3,000 home.

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Roth Slams Video

On May 5 2026, Vornado Realty Trust CEO Steven Roth called Mayor Zohran Mamdani’s video an ugly, unnecessary stunt and dangerous.
He warned the video could jeopardize Ken Griffin’s partnership with Vornado and the Rudin organization on the $4.5 billion, 1.7 million-square-foot 350 Park Ave. tower.
Roth said the tower will still proceed, will house Griffin’s Citadel companies, generate millions in city taxes and create thousands of jobs.

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