The owners of a large development site across the street from the Jacob K. Javits Center have hired CBRE Group Vice Chairman Darcy Stacom to explore a possible sale, Crain’s reported.
The L-shaped lot is owned by the Imperatore family and fronts 11th Avenue and spans the entire block between West 36th and West 37th streets. Crain’s said a development of 800,000- to 1 million square feet could be built on the site.
“We have engaged a broker but it is not on the market now,” Edward Imperatore, whose family has had its hands in real estate, shipping and the NY Waterway ferry, told Crain’s.
The site is expected to draw a lot of interest, Crain’s said, because of the eventual arrival of the 7 Train, the Hudson Yards project and a planned park that would run between 10th and 11th avenues and 33rd through 42nd streets. The Imperatore’s site would front part of that park. [Crain's] — Adam Fusfeld