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Old Posted Apr 5, 2012, 5:55 AM
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NYguy NYguy is offline
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Well, it remains to be seen what form this tower will take, but its possible the 360 site would get underway sooner, that one being situated between Related's and Brookfield's massive developments. I would give this one at least a couple of years (for design, development), but I've been surprised with pace of development on the west side so far.


Quote:
“I think the economy needs to get a bit more traction before we start building on the sites,” said Jeffrey Katz, the chief executive of Sherwood Equities, “maybe another year or so, but it is hard to predict an exact time frame.”

Sherwood paid $43.5 million for 360 10th Avenue, a vacant lot at the third section of the High Line that can be developed into nearly 400,000 square feet of commercial and 200,000 square feet of residential space. It also owns a superblock on the west side of 10th Avenue between 34th and 35th Street that can be developed into 2.5 million square feet of commercial space;
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