The completed property will consist of a nine-story building with 409 rental apartment units, 16,300 of ground floor retail, and an onsite parking garage.
Strong user demand has driven construction activity, but it might also start to drive land and construction costs up.
The two-day auction will begin at 10 a.m. on Aug. 13th at the Manhattan offices of debtors' counsel at 601 Lexington Ave.
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