The Real Deal New York

Lightstone pays $15M for FiDi air rights

By Rich Bockmann | March 30, 2015 01:56PM

David Lichtenstein’s Lightstone Group paid $15 million earlier this month to buy air rights for the 50-story mixed-use tower the company is building in the Financial District, property records show.

Lightstone paid $15.4 million to buy 68,752 square feet of air rights from developer Harold Thurman’s lot at 82 Fulton Street, records filed with the city today show.

Lighstone declined to comment. The company paid $60 million last year to buy the site at 128 William Street, where it is planning to build a 581-foot-tall tower with 188 apartments and just over 100,000 square feet of commercial space split between retail and hotel rooms on twelve floors.

Lichtenstein’s company had been planning a 59-story mixed-use tower nearby at 112-118 Fulton Street, but sold the site last year to San Francisco-based Carmel Partners, as The Real Deal reported.