Midtown East Development Site Sells for $69 M.

Source: Commercial Observer

CB Developers has purchased a Midtown East development site in the Turtle Bay neighborhood at 944 Second Avenue for nearly $69 million, city records show.

The seller, Israeli-based developer Fishman Holdings, had planned to build a condo or perhaps a hotel at the site after purchasing the property for just $12 million in November 2011, but the project never materialized. Read full story

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