Details of Charles Kushner's big vision to redevelop his family's trophy, 666 Fifth Ave. are emerging, and it could be a bonanza for the father of President Donald Trump's son-in-law. Kushner's dream redevelopment project for 666 Fifth Ave., which would rebrand the building 660 Fifth Ave., would cost $7.5B and turn it into a soaring 1,400-foot tall skyscraper in Midtown. He plans to close all pieces of the deal in the coming months, the Wall Street Journal reports. It may take until 2025 to complete, by which time Kushner estimates the project could be worth as much as $12B, according to the Wall Street Journal. Kushner is in negotiations with his building partners, potential investors, lenders and current tenants who would need to relocate, according to the Wall Street Journal.

Source: Forbes March 21, 2017 20:03 UTC