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Eastern to sell red-hot site near Javits Center.


Eastern Consolidated has won the exclusive assignment to broker the sale of one of the most sought-after development sites in Manhattan--an entire blockfront just steps away from the proposed Jacob Javits Convention Center expansion and New York Jets
    The New York Jets are a professional American football team based in the New York metropolitan area. They are members of the Eastern Division of the American Football Conference (AFC) in the National Football League (NFL).
     Stadium.

    Situated in the heart of the recently rezoned Hudson Yards redevelopment area, the property, at 356366 Tenth Avenue, presently consists of a 2-story garage, a 5-story walkup walk·up also walk-up  
    n.
    1. An apartment house or office building with no elevator.

    2. An apartment or office in a building with no elevator.
     and an undeveloped irregular sliver sliver

    in wool processing a continuous band of carded and combed wool which has not yet been twisted into yarn.
     of land. It occupies the entire 131-foot long easterly blockfront of Tenth Avenue, between West 30th and 31st Streets.

    In addition to air rights, the property provides for an "as-of-right" development project.

    "Considering what's already in place here, this has to be one of the best large scale mixed use development opportunities in the city right now," stated Eastern Consolidated

    Senior Managing Director Ron Solarz, who is working on this prestigious assignment with Senior Managing Director Eric Anton and Financial Analyst Paul Nigido.

    According to according to
    prep.
    1. As stated or indicated by; on the authority of: according to historians.

    2. In keeping with: according to instructions.

    3.
     Mr. Anton, final bids are due by May 11 and ownership has "indicated a willingness to enter into a short-term leaseback in connection with the property's sale."

    Under the Hudson Yards Plan, the Javits Center will be expanded and the MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system.

    (2) See M Technology Association.

    1. (messaging) MTA - Message Transfer Agent.
     will extend the # 7 subway line west from its last stop in Times Square under 41[st.sup.t] Street and then down under 11th Avenue to a new subway station at 34thStreets, just three blocks from the property. Hudson Yards will also be serviced by expanded waterfront transit and the conversion of the Farley Post Office into a new home for Penn Station.

    Eventually it will become a dynamic transportation hub Transportation hub is a location where traffic is exchanged across several modes of transport. These modes may include any of railway, tramway, rapid transit, bus, automobile, truck, airplane, spacecraft, ship, ferry, pedestrian or any other kind of transportation. .

    The Hudson Yards rezoning is spurring a host of development plans throughout the Far West Midtown district, one of the city's last remaining development frontiers.
    COPYRIGHT 2005 Hagedorn Publication
    No portion of this article can be reproduced without the express written permission from the copyright holder.
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    Article Details
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    Title Annotation:Eastern Consolidated Properties Inc.
    Publication:Real Estate Weekly
    Article Type:Brief Article
    Geographic Code:1USA
    Date:Apr 20, 2005
    Words:294
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