Posted Dec 13, 2013, 12:28 AM
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Homo sapiens sapiens
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Join Date: May 2012
Location: 3rd planet from the Sun
Posts: 1,665
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NEW YORK | 415 8th Ave | FT | FLOORS
BuzzBuzzHome:
Parking lot near Madison Square Garden up for huge-development grabs
By: Joyce Chen December 12, 2013
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Massey Knakal is marketing the 11,110-square-foot lot at 415 Eighth Avenue, on the corner of West 31st Street.
The seller, Savanna Partners, has owned the property since 2007; partner Nicholas Bienstock told The New York Post that the firm “can now sell it to someone who can build condos or residential rentals.”
The former parking lot comes with 87,644 buildable square feet, according to the Massey Knakal listing. The site, located across the street from the Moynihan Station Project and Penn Station, has about 49 feet of frontage on Eighth Avenue and 137 feet on West 31st Street. The parcel also runs through the block to 30th Street, where it contains another 25 feet of frontage.
Massey Knakal’s Robert Knakal told The Post that the offering could be combined with adjacent buildings to assemble a larger site for a retail-residential project of more than 200,000 square feet. According to Knakal, the site could also receive some of the 1.5 million square feet of transferable development rights available from the Port Authority’s Moynihan Station redevelopment.
415 Eighth Avenue is one block to east of Brookfield’s $4.5 billion Manhattan West project, which will include 5.4 million square feet of office, residential, retail and outdoor space. The Brookfield development will feature two office towers reaching up to 62 stories, as well as a 1.5-acre public outdoor area.
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The possibilities:
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