Posted Sep 3, 2013, 6:38 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,919
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http://therealdeal.com/blog/2013/09/...west-side-buy/
Ex-Dodgers owner slides into NYC with $167M West Side buy
September 03, 2013
Hiten Samtani
Quote:
Frank McCourt, the former owner of the Los Angeles Dodgers who made his name in Boston real estate, has made his first New York City buy: a $167 million development site on Manhattan’s Far West Side where he plans to build a 730,000-square-foot mixed-use tower.
McCourt will pay more than three times the $43.5 million that the current owners, a partnership between New York-based Sherwood Equities and Boston-based Long Wharf Real Estate Partners, paid for the site at 10th Avenue and 30th Street in 2011.
McCourt’s site is directly opposite the Related Companies’ 46-story South Tower, which will be anchored by luxury retailer Coach.
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Looking forward to the plans.
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