High-rise commercial buildings

Sub Markets

Property Sectors

Topics

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.

New York & Tri-State  + Downtown New York  | 

Marcus & Millichap Lists “Once-in-a-Generation” FiDi Parcel

Marcus & Millichap has listed 8 Carlisle St., an 11,208-square-foot development site in Manhattan’s Financial District. The price is open bid.

“This large-scale site is one of the few as-of-right projects in a prime Manhattan location with no problematic tenancy issues,” said Eric Michael Anton in Marcus & Millichap’s Manhattan office. “Flexible zoning allows a developer to implement a strategic business plan that will capitalize on the property’s highest and best use.”

Anton is leading the marketing effort on behalf of the seller, a private long-term ownership group.

He added, “This is a once-in-a-generation, shovel-ready opportunity with construction plans for a 50-story tower that will have panoramic city and harbor views. It is being offered during a temporary COVID-19 building slowdown that provides a window to lock in a favorable guaranteed maximum price on construction costs.” The site has 340,526 square feet of mixed-use development rights.
 

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With Marcus & Millichap’s Anton

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Development
  • ◦Sale/Acquisition