The buyer of the site would have an opportunity of approximately 89,500 buildable sf and could break ground within months of closing. Locally based Eastern Consolidated's executive managing directors, Ronald Solarz and Eric Anton, together with senior director, David Schechtman Esq. and director David Kalish, are marketing the sale. The bid deadline for the site is Wednesday, March 5th at 3 pm.
Schechtman tells GlobeSt.com that the site is zoned for both residential and commercial usage. He further adds that the seller, which cannot be disclosed at this time, is "taking advantage of the hot market." Schechtman says that the seller is "one large family," which is "actually comprised of three families with different last names, but are all related."
The site is situated in a comprehensive rezoning area of Hudson Yards that was recently approved by the City Planning Commission. "The new high density commercial and residential zoning is intended to spur the 45 million sf of new Midtown development which the Department of City Planning estimates will be required by 2020 to accommodate the population growth," Schechtman says in a prepared statement. "City officials and developers alike view the Hudson Yards district as 'the Next New York'."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
