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Originally Posted by mrnyc
odds are when it does come back it will be two smaller apt towers.
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Highly doubt it. It doesn’t really have a footprint for that. But more importantly, no one’s gonna buy it if they can’t sell sky high condos the site is zoned for, at least at a decent price. Likely why it hasn’t been bought yet, even at a discount.
https://therealdeal.com/2019/06/07/c...-seaport-site/
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China Oceanwide bought the site from the Howard Hughes Corp. in 2016 for $390 million. It was an all-cash deal, and this is the first debt China Oceanwide’s put on the property.
The company earlier this year hired Cushman & Wakefield to sell the site with initial pricing talk of nearly $300 million, according to Commercial Observer.
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