New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Team Markets East Village Redevelopment Opportunity
JLL Capital Markets was selected by The Bowery Mission to market a mixed-use redevelopment opportunity at 45-51 Avenue D in the East Village. The property is located within one of five designated Opportunity Zones in Manhattan south of 96th Street.
JLL’s Bob Knakal, Guthrie Garvin, Jonathan Hageman, Alexander Ball, Solomon Michailow, Jack Norton, Jacob Russell and Patrick Yannotta are handling the assignment. Included in the offering are two existing, conjoined structures that will be delivered vacant.
“The Bowery Mission had planned to renovate the facility to add additional beds and modernize the site to fit its evolving programs,” said Hageman. Yet, the organization realized “the privately raised funds it would need to renovate the Avenue D property would be better utilized to enhance its proven services for men, women and children experiencing homelessness and poverty across The Bowery Mission’s eight other locations in New York, New Jersey and Pennsylvania.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Development
- ◦Sale/Acquisition
