The Real Deal New York

Lexin Capital to put up 800-foot tower on Nassau Street lots

Three parcels could hold up to 200,000 buildable square feet

November 25, 2014 01:11PM

From left: 75 Nassau Street and Metin Negrin

From left: 75 Nassau Street and Metin Negrin

Lexin Capital is planning to build an 800-foot-tall tower at 75-83 Nassau Street in the Financial District.

The development firm closed on the original buildings at the site for $46 million in June. Metin Negrin’s development company went into contract on the buildings at 75 and 79 Nassau Street in December 2013. Lexin also bought 83 Nassau Street, for $17.4 million, as well as development rights linked to 85 Nassau Street, according to New York YIMBY. 

ODA Architecture is designing the new tower.

The new project will likely be luxury rentals or condos, according to the website. Combined, the parcels could hold up to 200,000 square feet of development space. Tens of thousands of  additional square feet could be included from 85 Nassau’s development rights. [NY YIMBY] — Claire Moses

 

 

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