NEW YORK CITY-The Witkoff Group is partnering with Vector Group to purchase one of the old International Toy Center buildings at 1107 Broadway in a foreclosure auction for approximately $190 million. The partners are planning to convert the office building measuring 375,000 square feet into a residential development.
The new development will also have retail on the ground-floor space. Nearly 20,000 square feet is available for retail and about 265,000 square feet is available for sale. For the full story, go to New York Post .
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