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SIBL seeking a home.

SIBL seeking a home

A source close to the New York Public Library told REW that the library is looking for a large block of space for its Science Industry and Business Library (SIBL), and that they are close to a deal with the developers of the former B'Altman's Building.

Carlee Drummer of the library's public relations office confirmed that they are in the preliminary stages of looking for space around the city for a library resource center and that B'Altman's, at 5th Avenue and 34th Street, is a "possibility, but not a fact."

Daniel Weinreb, project manager for the building renovation, said it is their "practice not to confirm or deny" lease negotiations.

The owners of the building, KMO-361 Realty Associates, have announced that 600,000 of the building's 850,000 square feet will be the New York Resource Center in 1993, and include retail space and showroom.

A five-story structure sits atop the building on the Madison Avenue blockfront, for a total of 13 stories. KMO's partners are Peter L. Malkin, Earle W. Kazis and Morton Olshan.
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Title Annotation:New York Public Library's Science Industry and Business Library
Publication:Real Estate Weekly
Date:Sep 4, 1991
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