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Old Posted May 30, 2012, 11:25 AM
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http://www.nypost.com/p/news/busines...1qeUcI0D81uO/1

May 30, 2012
By Lois Weiss


Quote:

Silverstein Properties is working on a joint venture with Mercedes Benz to redevelop the nearly full block site of its former showroom at 514 Eleventh Ave. between 40th and 41st into a 60-story tower.

The Real Deal reported that RFK has been hired to drum up a big retailer for as much as 200,000 square feet for the base.

Sources said Silverstein is still figuring out what will fill the rest of the tower that sits on a full block of 92,393 square feet of land above the No. 7 line subway. Just to complicate planning and construction, the city has a permanent easement on some of the underground land and the approach to the Lincoln Tunnel.

Silverstein, which has already developed the nearby River and Silver Towers as apartments on W. 42nd St., declined to comment.

A little dated, but a look at the site...





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Last edited by NYguy; May 30, 2012 at 11:41 AM.
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