Clipped From Asbury Park Press
HERBERT SCHEFTEL, of new YORK, a real estate investor and backer in the Pan Am building project, project, died Aug. 16. He was 92. Mr. Scheftel, who also invested in television stations, was involved in the Pan Am project with ' his brother, Stuart Scheftel, another partner, Alfred Burger, and several others. The Pan Am building was erected on Park Avenue behind Grand Central Central Terminal in 1963. The building, which was called Grand Central City, initially was to have had several several theaters, an exhibition hall and an open-air open-air open-air restaurant. It now is headquarters of the MetLife insurance insurance company. Among Mr. Scheftel's other real estate projects were the Beresford and San Remo apartment buildings in New York and the Mark Hopkins Hotel in San Francisco. . Mr. Scheftel also held ownership interests in three television stations and six cable stations in the United States and Mexico. t He and his first wife, Agnes Mary Scheftel, who died in 1970, were active active in many charitable organiza-, organiza-, organiza-, tions. He was a director of Greenwich Greenwich House, which helps children.