Woolworth Building Sold for $155 Million

The Woolworth Building, New York City’s Gothic-style “Cathedral of Commerce� that once was the world’s tallest skyscraper, has been sold to a real estate developer for a reported $155 million. The 60-story tower with its spires and gargoyles was bought by the Witkoff Group. The sale is one more step by the Venator Group, formerly the Woolworth Corp., to shut down its five-and-dime operation and focus on its Foot Locker, Lady Foot Locker and Champs Sports stores. Built in 1913, the building is identifiable by its lantern-like crown.