Continuing the discussion from NEW YORK | Hudson District - Hell’s Kitchen Subdistrict:
http://therealdeal.com/blog/2014/09/16/extell-makes-play-for-port-authoritys-hudson-yard-air-rights/
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.
