NEW YORK CITY-Sheldon Solow, the billionairedeveloper behind 9 W. 57th St., is turning his attentionto Manhattan’s East Side. According to a New York Post story this morning bySteve Cuozzo, Solow has tapped Woody Heller ofStudley Capital Transaction Group to sell adevelopment site at 616 First Ave. overlooking the East River.

After Solow spent years obtaining regulatory, zoning andenvironmental reviews, the parcel – located between East35th and East 36th Streets – is fullyapproved for two new towers of 37 and 47 stories with a totalmaximum floor area of 730,240 square feet. Heller tells the postthat the site offers the “rare opportunity” to develop a site with“New York’s three most coveted view amenities – water, green spaceand skyline.”

Nearby, Solow is also planning to develop buildings on threecontiguous blocks just south of the United Nations. You canread the Post story here.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.