NY REAL ESTATE COMMERCIALMARCH 2, 2011.Trading Places: Old Exchange To Go Retail
BY CRAIG KARMIN
Investor and philanthropist Michael Steinhardt and a partner have acquired two former American Stock Exchange buildings for $65 million and
plan to build a retail complex, hotel and a residential tower at the site.The two properties are a block south of the World Trade Center site in the Financial District, an area that was hit hard during the economic downturn but recently has shown signs of snapping back.
Mr. Steinhardt and his investment partner Allan Fried closed the deal in the middle of last month, Mr. Fried said in an interview Tuesday. They acquired the former American Stock Exchange ...
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