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
15 Park Row (Google Maps)
J&R Music founders sell Park Row apartment tower for $140M
J&R Music founders sell Park Row apartment tower for $140M
Claudio Del Vecchio has owned Brooks Brothers since 2001. (Getty)
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
Brooks Brothers’ Madison Ave store could give way to Midtown East tower
(Photo illustration by The Real Deal)
This office redeveloper is going all in
This office redeveloper is going all in
Clare Newman with Governors Island (Credit: Governors Island, Getty Images)
Governors Island redevelopment opposed as excessive
Governors Island redevelopment opposed as excessive
Union Square Park to gain 2 acres in $100M plan (Getty_
Union Square Park to gain 2 acres in $100M plan
Union Square Park to gain 2 acres in $100M plan
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)
Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)
The 10 biggest new project filings in NYC
The 10 biggest new project filings in NYC
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)
Santa Monica mega-portfolio officially hits market
Santa Monica mega-portfolio officially hits market
arrow_forward_ios

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

Loading...