Posted Nov 11, 2014, 5:17 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,903
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Potential news (maybe) from that Real Deal piece...
http://therealdeal.com/blog/2014/11/...ld-fetch-110m/
45 Broad to return to market — and could fetch $110M
November 10, 2014
By Adam Pincus
Quote:
A Lower Manhattan development parcel once owned by Kent Swig will return to the market next year and could sell for as much as $110 million, insiders said.
The potential price for the vacant parcel at 45 Broad Street between Beaver Street and Exchange Place, which has 264,200 square feet of development rights, shows the enormous rise in values in the current environment compared with the prior boom.
Sources pointed to active players in the Downtown market as potential bidders, including Rudin Mangement, which owns 55 Broad Street, a large site adjacent to 45 Broad. The two sites could potentially be combined to build a 650,000-square-foot tower.
Other possible buyers include David Lichtenstein’s Lightstone Group, Michael Shvo, Michael Stern’s JDS Development Group, Fortis Property Group, Howard Hughes and Albanese, according to people familiar with the Downtown market.
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