SJP Properties, in partnership with Mitsui Fudosan America, just closed on the purchase of a large development site at 200 Amsterdam Avenue, according to sources familiar with the transaction. Zoning allows for a 600-foot-high residential tower of nearly 400,000 square feet, and the partners intend to build luxury condominiums on the site.
When reached by phone late Thursday, SJP president Allen Goldman confirmed the purchase. He declined to comment on the purchase price, but sources familiar with the deal said it closed for close to $750 per buildable square foot, or nearly $300 million. [more]