NEW YORK CITY-RFR Holding, which owns the iconic Seagram Building, has placed a development site located between West 44th and West 43rd streets for sale without an asking price. The Fifth Avenue site, marketed by the Jones Lang LaSalle Capital Markets Group, can house construction of a building as large as 355,000 square feet. According to sources, RFR seeks for a price of $500 per buildable square foot, which translates into $178 million.
At present, three small buildings are there on the site. For the full story, go to Crain's New York Business .
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