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ComEx to present new plan.

ComEx to present new plan

The withdrawal of the Mercantile Exchange from the Commodities Exchange has left planners scrambling and critics gloating. The city planning commission, however, is voting Jan. 21 on the ULURP plan, and is expected to be voting both on a five-exchange project, as well as one which excludes the Merc. "We're in the midst of the discussions," said Exchange spokeswoman Michelle de Milly last week, "and the architect is starting to work on it."

Critics contended the base of the proposed building is extraordinarily large and that with a three-story trading floor, necessary for five exchanges, the 43 stories will actually be the equivalent of a 50-story building. A four- exchange building will contain only one trading floor and be that much smaller.
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Title Annotation:withdrawal of Mercantile Exchange from Commodities Exchange
Author:Weiss, Lois
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Jan 22, 1992
Words:127
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