Avison Young has been named the exclusive agent for the sale of 34 Union Square East, a corner development site offering up to 26,000 buildable square feet in Union Square. The site has an asking price of $32 million, suitable for a mixed-use condominium/retail or boutique office/retail development.
The firm’s James Nelson and Todd Korren secured the assignment, while an Avison Young team comprised of Nelson, Charles Kingsley and Toku Saito will market the site.
The property is the 50th exclusive that Nelson and his team have signed since joining Avison Young in February.
The site features 26 feet of frontage on Union Square East, and over 125 feet of frontage on East 16th Street. The site formerly housed a TGIF restaurant.
“Given its potential for development and prime location in the Union Square area, we are expecting high interest in this site from a variety of investors,” said Nelson.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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