J.D. Carlisle acquires another Madison Avenue lot for residential development

TRD New York /
Jun.June 11, 2012 09:00 AM

J.D. Carlisle Development has acquired the second of five parcels it needs to move forward with a planted residential and retail development on Madison Avenue. The Wall Street Journal reported the developer closed on the seven-story building at 166 Madison Avenue — for $8.37 million, public records show — and is in contract to buy 160 Madison Avenue.

These acquisitions come on top of a March deal for 158 Madison Avenue, first reported by The Real Deal, where the J.D. Carlisle wants to break ground on a rental building by January 2013. But before construction can begin, the developer must wrap up negotiations to acquire 162 and 164 Madison avenues.

The site has long been slated for development. In 2006, Thor Equities and Buttonwood Real Estate planned a 50-story condominium for the site, between 31st and 32nd streets. It has been the subject of several legal battles in the years since. [WSJ, 3rd item]


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Gap Senior Director of Real Estate Jennifer Rondholz, Morgan Stanley Prime Property Fund head Scott Brown and 170 Broadway (Linkedin, Google Maps)

Lower Manhattan retail condo squeezed by lender as Gap refuses to pay rent

Lower Manhattan retail condo squeezed by lender as Gap refuses to pay rent
Agents see sales surge and New Yorkers escape to the suburbs (iStock)

New Yorkers reckon with the suburbs. And agents rejoice

New Yorkers reckon with the suburbs. And agents rejoice
Suri Kasirer

WATCH: Suri Kasirer on the influence of her father’s Holocaust stories and lobbying hard for the Vanderbilt Corridor and Cornell Tech

WATCH: Suri Kasirer on the influence of her father’s Holocaust stories and lobbying hard for the Vanderbilt Corridor and Cornell Tech
123 West 23rd Street and Adam Neumann (Google Maps; Getty Images)

Adam Neumann, Jeff Dagowitz get $75M refi for Chelsea dev site

Adam Neumann, Jeff Dagowitz get $75M refi for Chelsea dev site
30 Hudson Street in Jersey City and WeWork CEO Sandeep Mathrani (Wikipedia)

WeWork scores big lease at Goldman Sachs’ Jersey City office tower

WeWork scores big lease at Goldman Sachs’ Jersey City office tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...