Posted Jan 22, 2014, 6:45 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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http://www.nytimes.com/2014/01/22/re...-j-landau.html
By VIVIAN MARIN
January 21, 2014
Quote:
.....we’ve got another large project in downtown Manhattan, on Maiden Lane, which is a 250,000-square-foot development site. We bought it a few months ago. It’s a residential tower with an adjacent hotel. The residential tower is waterfront; it’s going to be 52 stories or so and have about 95 units.
We’re just going to build the residential tower and we’re selling off the hotel site. I think we could probably project between $2,000 and $3,000 a square foot. We hope to sell by early next summer. We’ll start construction in the next four or five months.
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