Citadel Sends Warning Shot to NYC After Mamdani Jabs Griffin (2)

Just two months ago, Vornado Realty Trust was boasting about financial behemoth Citadel’s appetite for New York real estate, vowing to create a new icon for the Manhattan skyline.

“There will be nothing like this available in New York,” Glen Weiss, Vornado’s executive vice president, said in a February earnings call, referencing a 62-story development on Park Avenue for Ken Griffin’s empire. “This will be the best building built in the city by far.”

That project – estimated to cost $6 billion — is now at risk following New York City Mayor Zohran Mamdani’s attack on Griffin’s ...