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Never Mind Mamdani: Wall Street Doubles Down on NYC

The Cityby Greg DavidApril 14, 2026

Earlier this month, real estate giant RXR and its partner TF Cornerstone filed for a permit to tear down the Grand Hyatt Hotel famously built by Donald Trump and replace it with a 95-story office building that will cost $6.5 billion to construct. The project won City Council approval back in 2021, b

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