Posted Jan 6, 2016, 6:20 PM
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Join Date: Sep 2013
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SHVO Buys Nonprofit’s Property Next to Its Planned 25-Story Renzo Piano Condo
LIAM LA GUERRE
JAN. 5, 2016
Quote:
SHVO has paid $9 million for a portion of 555 Broome Street in the Hudson Square area which it will incorporate into a planned condominium tower on the block.
The purchase of the two-story annex will allow SHVO and partners Halpern Real Estate Ventures and Bizzi & Partners Development to expand their footprint for the proposed 25-story condo at 565 Broome Street between Varick Street and Avenue of the Americas, a source with knowledge of the deal confirmed to Commercial Observer. The seller was youth services nonprofit The Door, which owns 83 percent of the six-story office condo building attached to the annex and occupies the ground through fourth floors.
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