A source close to the deal revealed to GlobeSt.com that the entity's name who is selling the site is Bond Street Partners LLC, but they could not reveal further information regarding reasons for selling. The source also says that "there are proposed plans for a hotel." The property, also known as 358-364 Lafayette St., is currently an irregular lot containing a three-story building at 8 Bond St. and two contiguous one-story buildings with parking and signage at 10-12 Bond St.
The property consists of approximately 32,355 buildable sf. "The area is probably the hottest area in Manhattan right now in terms of an up and coming trendy area," the source says.
"This property represents a truly rare opportunity to capitalize on the strong demand for premier residential, commercial or hotel development sites on one of the most sought after streets not only just in NoHo, but all of Manhattan," explains Massey Knakal broker James Kinsey, who is exclusively representing the seller with chairman Robert Knakal and Eastern Consolidated senior directors Azita Aghravi and Alan Miller.
Aside from the hotel plans, a developer could potentially obtain a special permit from the city for residential use, following suit of many projects in the area. The property is located in the NoHo Historic District, but the owner obtained a certificate from the Landmarks Preservation Commission for the demolition of all buildings on the property.
"The development opportunity at this site has tremendous potential," Knakal says. "The location alone sets this site apart from the rest. There is obvious demand for property in this area."
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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.
