Despite rumors that the long-delayed Jean Nouvel-designed 1,050-foot MoMA Tower was nearing construction, the developer has confirmed that the project is still in its financing phase, the New York Observer reported. What looked like construction equipment outside the MoMA had led to speculations that the project, officially known as Torre Verre, would finally be breaking ground. However, developer Hines told the Observer that they have yet to secure the financing necessary to begin building. “That is not construction,” Tommy Craig, [more]
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