Massive Hudson Yards development site hits market

CBRE's Stacom and Liebowitz marketing site that could allow 881K sf office tower
August 14, 2013 08:30AM

A Hudson Yards site that would allow a commercial tower of up to 881,000 square feet has hit the market, the New York Post reported. CBRE’s Darcy Stacom and Paul Liebowitz are marketing the L-shaped site, located on a full block front along the Hudson Yards Park and stretching east from 11th Avenue and West 36th Street up to 37th Street. Owners Arthur and Edward Imperatore and their partners hired the two brokers about a year ago to explore the sale of the site opposite the Javits Center.

The parcel up for grabs includes the land and 735,000 square feet worth of air rights, the Post said.

“This is an extremely exciting area to get in on the ground floor,” Stacom told the paper, but declined to discuss pricing. A much smaller nearby site and its corresponding air rights recently sold for $230 per square foot.

Stacom and her regular partner William Shanahan are also marketing Aby Rosen’s 980 Madison Avenue, which could fetch about $380 million, according to the newspaper. [NYP, 1st item]Hiten Samtani