Trump Will Redevelop Alexander’s Key N.Y. Store
- Share via
NEW YORK — Alexander’s Inc., one of New York’s largest retailers, said Wednesday that it has scrapped a plan to sell its flagship store on Manhattan’s Upper East Side and to convert the corporation to a limited partnership.
The decision followed meetings with New York real estate developer Donald Trump, who earlier this week agreed to acquire 20% of Alexander’s stock from ALX Limited Partnership.
Trump said he will develop the property but would not specify what form the development will take. “It’s a great piece of real estate,” he added.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
