Project: 267-269 West 87th Street
Current Site:
Quote:
In its fifth joint venture, Manhattan-based owner and developer Simon Baron Development and Quadrum Global, an international investment and development firm, have signed a 99-year ground lease on the Upper West Side, the two firms announced.
Plans call for demolishing two property lots operating as a parking garage and erecting a new 18-story, 100,000-square-foot luxury residential building with possible parking below grade, at 267-269 West 87th Street between Broadway and West End Avenue.
A deal was struck at the end of February based on a rent commencing in the high-$20s per square foot based on the 100,000 square feet of buildable area.
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http://commercialobserver.com/2015/0...-ground-lease/