Trump Place Sites Available On The Upper West Side

Source: flickr

Two of the Trump Place development sites located in New York on the Upper West Side are up for grabs and could fetch nearly $400 million as the Carlyle Group joint venture with Extell Development seeks to pare down its holdings.

The parcels have approvals for up to 1,200 apartments, according to Real Estate Alert.

One at the southwest corner of West 61st Street and West End Avenue would have about 575 apartments, while the other, at the northwest corner of West 59th Street and West End, would have 625 units.

The sites are currently used as parking, but those leases can be terminated with notice of 30 days.

Neither site is along the Hudson River, where the Extell group is expected to develop several more towers as well as an area known as Riverside Center.

The venture purchased the sites from Donald Trump and his Chinese partners back in 2005 and immediately flipped the rental buildings to Sam Zell’s Equity Residential.

HFF is acting as the marketing agent for the two parcels. No one could be reached for comment prior to deadline.

Source: NY Post

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