Posted Mar 18, 2025, 5:39 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,219
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NEW YORK | 8 W. 45th St | FT | 30 FLOORS
https://commercialobserver.com/2025/...t-residential/
Hiwin Group Buys Vacant Lot at 8 West 45th Street for Residential Building
BY ISABELLE DURSO
MARCH 17, 2025
Quote:
Hiwin Group USA, a developer based in Flushing, Queens, has acquired a vacant lot in Midtown for $38.5 million, with plans to build a residential tower on the site.
Hiwin purchased the 9,241-square-foot lot at 8 West 45th Street from Belvedere Property Management in the all-cash transaction, according to broker Development Site Advisors (DSA).
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Quote:
Under its new ownership, Hiwin intends to develop a mixed-use building on the site that will include 9,241 square feet of retail space on the ground floor and 101,651 square feet of market-rate residential condominium units above, Kimyagarov said.
Plans for the development are expected to be filed with New York City’s Department of Buildings sometime this week, Kimyagarov said.
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