Posted May 26, 2026, 9:16 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,622
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Quote:
Originally Posted by ChiND
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Barnett is the king of assemblages. This particular site won’t hold much, but he’s likely got an eye on putting pieces together.
Quote:
Barnett’s exact plans for the property were not disclosed, but the CBRE team marketed the property as an opportunity for an office-to-residential conversion eligible for tax abatements. A new residential building on the site could span about 89,000 square feet, while a mixed-use building could cover roughly 112,000 square feet, Crain’s reported. The project also comes with the opportunity for a transit improvement bonus if the developer improves a nearby subway station, according to the outlet.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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