The Real Deal New York

Rosenthal family’s 1.2M sf Hudson Yards site up for sale

January 10, 2014 03:45PM

From left: Bob Knakal and James Nelson

From left: Bob Knakal and James Nelson

A 1.2 million-square-foot site in Hudson Yards has hit the market and is expected to fetch around $200 million.

The parcels, which stretch from West 35th to West 34th streets between 10th Avenue and an as of yet undeveloped Hudson Boulevard, is to be marketed by Massey Knakal Realty Services Chairman Bob Knakal and James Nelson. The Rosenthal family hired the duo to handle the parcels at 435 10th Avenue, 507 West 34th Street and 510-28 West 35th Street.

The site, which can hold roughly 200,000 square feet of residential development, Crain’s reported, sits adjacent to a site owned by Sherwood Equities, who had planned to develop one large tower on the two parcels in partnership with the Rosenthals. Linked together, the two could accomodate a tower up to 1,800 feet tall and measuring as much as 2.5 million square feet, which would make it one of the tallest and largest buildings in New York.

Ryan Nelson, a senior vice president at Sherwood, told Crain’s that it will now consider selling its parcel as well. “Together these sites are one of the best commercial development parcels in the area,” he told Crain’s. [Crain's]Julie Strickland

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