It was not clear exactly how much additional buildable space the deal would net the developer. Extell’s properties in the Hudson Yards area, which it bought for $44 million in 2012, have the potential for 85,000 square feet of buildable space.
According to the Port Authority’s agenda, Extell “wishes to develop their lots with residential buildings.” The company could not be immediately reached for comment.
That project is one lot to the west of this, separated only by the still standing tenement building. This thread’s building is to the right of the tenement in the photos on the article.
