SL Green plans office tower near WTC

REIT received permits to begin demolition in FiDi

TRD New York /
Jun.June 21, 2017 12:15 PM

183-187 Broadway and Marc Holliday

UPDATED, June 21, 4:44 p.m.: SL Green Realty TRData LogoTINY is planning to build a Financial District office tower close to the World Trade Center.

The real estate investment trust received permits last month to put up scaffolding and begin demolishing three buildings it owns at 183 and 187 Broadway and 5-7 Dey Street, the New York Post reported. Simultaneously, the Metropolitan Transportation Authority issued a request for proposals to buy 62,750 square feet of unused air rights over a subway entrance next door to the development.

If SL Green bought the air rights, it could construct a building as big as 200,000 square feet.

The company bought 183 Broadway for $28.5 million last year and paid $63.7 million for the other two buildings in 2015. The Post reported that SL Green also approached the owners of two office properties at 179 and 181 Broadway but has yet to convince them to sell.

SL Green is behind the $3.2 billion office tower One Vanderbilt next to Grand Central Station. Korean pension fund National Pension Service of Korea and developer Hines took stakes in the tower project earlier this year.

SL Green is in talks to sell a 49 percent stake in its Midtown office tower 1515 Broadway to China Investment Corporation and other prospective bidders. [NYP]Konrad Putzier

(To view Sl Green Realty’s commercial sales transactions, click here)


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)

SL Green puts Daily News building up for sale

SL Green snags private-equity firm at One Vanderbilt

SL Green snags private-equity firm at
One Vanderbilt

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

From left: 50 Hudson Yards, 341 Ninth Avenue, 30 Hudson Yards (background) with Google's Sundar Pichai, Amazon's Jeff Bezos and Facebook's Mark Zuckerberg (Credit: Google Maps and Getty Images)

Big tech puts Manhattan office leasing within reach of annual record

Renderings of The William Vale and Denizen Bushwick with a Tel Aviv Stock Exchange ticker

All Year eyes sale of William Vale to pay off bonds

Cuomo calls Amazon’s Hudson Yards lease “crumbs from the table”

Cuomo calls Amazon’s Hudson Yards lease “crumbs from the table”

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

arrow_forward_ios