NEW YORK | 1 Beekman Street (33-34 Park Row) | 335 FT | 25 FLOORS

[NYguy]

All I know is J&R better not close.


http://www.masseyknakal.com/listings...aspx?lst=22653

1 Beekman (33-34 Park Row)

Massey Knakal Realty Services has been retained on an exclusive basis to sell the Pearl on the Park, a development site at 1 Beekman Street (aka 33-34 Park Row). The property is located on the corner of Park Row and Beekman Street where Lower Manhattan’s Financial District and TriBeCa intersect.

There are a few parks in Manhattan south of 59th Street. The luxury properties that are lucky enough to be located on these parks enjoy rental and sale premiums far beyond their counterparts on side streets. For the first time in over 40 years, 1 Beekman Street (aka 33-34 Park Row) is for sale. Pei Cobb Freed & Partners, the world renowned architectural firm, has prepared a preliminary architectural design.

The site features approximately 58.54 feet of frontage facing City Hall Park and 53.67 feet on Beekman Street. Theater Alley runs another 86.85 feet directly behind the property, thus the site is effectively a block front which could have windows on at least three sides. Truly, this is a chance for a developer to make their mark downtown and offer the product that this neighborhood has been waiting for.

http://ny.curbed.com/archives/2014/0...xury_tower.php

Park Row Site Could Fetch $50M, House This Luxury Tower





March 20, 2014
by Hana R. Alberts

A large development site east of City Hall Park is being marketed to buyers as a potential location for some future FiDi residential tower—as if there aren't enough going up in the area already. Massey Knakal has the official listing for 1 Beekman Street, also known as 33-34 Park Row.

If bought, the lot, which houses two low-rise buildings, would change hands for the first time in 40 years. To help with the visualization process, MK offers buyers two renderings by I.M. Pei's Pei Cobb Freed & Partners Architects of a glassy tower on the spot that makes use of the potential 87,300 buildable square feet.

The Post first reported the opportunity yesterday, projecting that the site could sell for more than $50 million. Tribeca Citizen reports a rumor that veteran electronics store J&R is closing, citing "the value of Manhattan real estate vs. the state of brick-and-mortar retail" and portending even more change for this stretch.

If the right developer takes the bait, could we have another (slightly smaller) New York by Gehry on our hands, and the beginning of a Park Row development boomlet?