Property near Hudson Yards project may net $100M

Small site on West 39th Street could give rise to 300,000-square-foot mixed-use tower

New York /
Apr.April 14, 2014 03:55 PM

Amid a flurry of sales close to the Far West Side’s Hudson Yards development site, one nearby parcel could sell more than $100 million, according to the brokerage representing the seller.

Zoning at 350 West 39th Street, currently home to a two-story Bauhaus-style building, would allow up to 300,000 square feet of mixed-use space at the site, Massey Knakal Realty Services told Crain’s. The plot, situated between Ninth and 10th avenues, also has frontage on 38th Street, according to a review of property records.

The property’s owner is Robert Greenberg, chief executive of the marketing company R/GA, which has occupied the building since it was built in 1984 and has a lease on the space until 2015, Crain’s reported.

The brokerage is also handling the sale of another nearby site between West 34th and 35th streets and between Ninth Avenue and Hudson Boulevard, according to the article. Tishman Speyer is currently interested in the $200 million property there and is inching closer to a contract, as previously reported. [Crain’s] — Angela Hunt


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
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
Related CEO Jeff Blau and 455 Tenth Avenue (Chris Martin, Google Maps, iStock)
Related launches lodging for executives’ hybrid work
Related launches lodging for executives’ hybrid work
Taconic Partners' Matthew Weir and Hudson Research Center 61 at 9 West 54th Street (iStock, Taconic Partners, Hudson Research Center)
RPI signs at Taconic and Silverstein’s life sciences hub
RPI signs at Taconic and Silverstein’s life sciences hub
Major Food Group managing partner Jeff Zalaznick in front of 37 Hudson Yards (Major Food Group, Google Maps)
Major Food Group bringing members club to Hudson Yards
Major Food Group bringing members club to Hudson Yards
Tishman Speyer's Rob Speyer with 66 Hudson Boulevard (Tishman Speyer, Loopnet)
NewYork-Presbyterian takes 75K sf at Tishman Speyer’s Spiral
NewYork-Presbyterian takes 75K sf at Tishman Speyer’s Spiral
The Spiral with Tishman Speyer's Rob Speyer and HSBC's Noel Quinn (Getty, HSBC)
HSBC grabs 265K sf at Tishman Speyer’s Spiral
HSBC grabs 265K sf at Tishman Speyer’s Spiral
arrow_forward_ios

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

Loading...