Large development site near High Line hits the market

Part of an 11th Avenue parking lot can accommodate 440k sf, could fetch $400M

New York /
Jul.July 30, 2014 06:00 PM

A portion of a West Side parking lot could soon be home to one of the largest development projects along the High Line.

Darcy Stacom and Bill Shanhan of CBRE Group are marketing half of a parking lot owned by Edison Properties at 76 11th Avenue between 17th and 18th streets, according to Crain’s. The section on offer can accommodate a 390-foot tall building with up to 440,000 square feet of space. Sources tell the news site that Edison expects the site to fetch $400 million, making it one of the priciest development sites near the High Line.

The development site is across the street from the Frank Gehry-designed IAC building. In November, DNAinfo reported that Edison was replacing thousands of pounds of contaminated soil at the site. At that time, the remediation process was expected to last a year. [Crain’s]Tom DiChristopher


Related Articles

arrow_forward_ios
(iStock)
Locals: Put housing, not warehouses, on landfill site
Locals: Put housing, not warehouses, on landfill site
Fires raging in the western United States are beginning to have a negative impact on lumber output. (Getty)
Raging wildfires threaten lumber market, home builders’ costs
Raging wildfires threaten lumber market, home builders’ costs
A rendering of 19 Hausman Street (M Development)
Nightmare darkens for largest Brooklyn condo project of 2019
Nightmare darkens for largest Brooklyn condo project of 2019
From left: a rendering of 286 Rider Avenue, Ben Harlev and Heritage Equity Partners' Toby Moskovits (Fischer Makooi Architect, Moskovits via Sasha Maslov, Ben Harlev via NadlanCityNY)
Lender tries to seize Toby Moskovits’ Bronx apartment project
Lender tries to seize Toby Moskovits’ Bronx apartment project
A rendering of 45 Park Place and Sharif El Gamal (SOMA, Getty)
45 Park Place mired in involuntary bankruptcy, foreclosure proceedings
45 Park Place mired in involuntary bankruptcy, foreclosure proceedings
Werwaiss Properties files plans for 240-unit building in LIC
Werwaiss Properties plans 37-story mixed-use tower in LIC
Werwaiss Properties plans 37-story mixed-use tower in LIC
Contract killers: Construction disputes spell disaster for projects
Contract killers: Construction disputes spell disaster for projects
Contract killers: Construction disputes spell disaster for projects
Nathan Reiber was the developer for Champlain Towers South in Surfside (Getty, Levitt-Weinstein Obituary)
Surfside condo developer faced legal trouble in Canada, found clean slate in South Florida
Surfside condo developer faced legal trouble in Canada, found clean slate in South Florida
arrow_forward_ios

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

Loading...