Quote:
Originally Posted by blackcat23
Thanks for posting that again. I put it up a few days ago, but it got lost in the midst of the discussion about Nordstrom Rack.
The article mentions that the bids are averaging about $180 million, so we're looking at a buyer with some serious $$$. Hopefully that means the project will be of the same scale as Moinian's proposal.
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I recall that one of the adjacent lots was bought by a company that mainly runs parking lots. Maybe the former South Group lot. The consensus was that it may be a decade or two before that lots was resold and developed, but if this price is any indication, then it may not be nearly that long. Those prices - if true - are insane!