The Real Deal New York

First batch of rentals at former Fordham site come on line

Glenwood bought tower from university in 2011 for $125M
June 10, 2014 01:50PM

Glenwood Management’a 54-story, 339-unit Hawthorn Park is kicking off leasing with a batch of 12 units offered.

The new tower at 160 West 62nd Street is located next to the new Fordham law school, and will offer up units ranging in size from studios to three-bedrooms and in price from $3,295 per month to more than $18,000, according to Curbed.

Glenwood purchased the site from Fordham University in early 2011 for $125 million, as The Real Deal reported at the time. In total, Glenwood was able to build as-of-right on the parcel to a total of 409,889 square feet, per an agreement signed between the developer and Fordham. Glenwood followed that deal with the purchase of a second vacant development site at Nearby 165 West 60th Street, between Ninth and Amsterdam avenues, for $75 million in October 2011. [Curbed]Julie Strickland