Land Use

City to Sell $110.6M Land and Development Package for $1

Taconic 52nd Street

The de Blasio administration will sell a 25,204-square-foot plot on the southern side of West 53rd Street between 10th and 11th Avenues and a development rights package to the Clinton Housing Development Corporation for $1 if city officials greenlight the proposed transaction next week.

The discount purchase would clear the way for Clinton Housing’s 103-unit affordable development slated for 530-548 West 53rd Street and Taconic Investment Partners and Ritterman Capital‘s upcoming 405-unit development with 81 affordable units at 525 West 52nd Street, according to a newly-released proposal from the city Department of Housing Preservation and Development reviewed by Commercial Observer. Read More