Fried Frank acted as counsel to RXR Realty in connection with JetBlue Airways Corp.'s proposed multibillion-dollar terminal expansion at John F. Kennedy International Airport. RXR and its partner Vantage Airport Group were selected by JetBlue to lead its planned expansion at JFK, which is estimated to cost between US$2-3 billion. The proposed expansion comes as the Port Authority embarks upon a US$10 billion redevelopment of JFK. Fried Frank advised RXR in its initial partnership agreement with Vantage, as well as an interim partnership agreement between the RXR/Vantage consortium and Jetblue.
The Fried Frank team includes real estate partner Joshua Mermelstein, corporate real estate partner Steven Rudgayzer, tax partner Robert Cassanos, tax associate Evan M. Gusler, corporate real estate law clerk Taylor L. Procopio, and tax law clerk Evan M. Quinn.