Trump Place sites on the market could fetch up to $400M

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From left: Daniel D’Aniello, co-founder of the Carlyle Group, Gary Barnett, president of Extell Development, and developer Donald Trump

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Two Trump Place development sites, one on the southwest corner of 61st Street and West End Avenue and the other at the northwest corner of 59th Street and West End Avenue, have been placed on the market, the New York Post reported, by a joint venture between the Carlyle Group and Extell Development, as the two companies seek to reduce their holdings. Sources said the sites could fetch a combined price of upwards of $400 million. Together the parcels have approval for up to 1,200 apartments, the Post said, and are currently in use as parking lots. Holliday Fenoglio Fowler is marketing the two lots on behalf of the partnership. [Post]

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