Prime time on Chambers as 11,000 s/f site goes on block.A rare opportunity to acquire an 11,670 s/f development site, in the heart of Manhattan's burgeoning TriBeCa submarket, is immediately available exclusively through Eastern Consolidated. Two contiguous block-thru parcels at 91-95 Chambers Street Chambers Street is a street in Edinburgh, Scotland, at south of the Old Town. The street is named after William Chambers of Glenormiston, the Lord Provost of Edinburgh who was the main proponent of the 1867 Edinburgh Improvement Act, which gave permission for the street's (aka 73-77 Reade Street), presently consist of a one-story building with parking lot, and an adjacent five-story building. The property is a prime development opportunity with an excellent retail component fronting on Chambers Street. It is strategically positioned on a heavily trafficked part of Chambers Street, the main commercial/retail thoroughfare THOROUGHFARE. A street or way so open that one can go through and get out of it without returning. It differs from a cul de sac, (q.v.) which is open only at one end. 2. Whether a street which is not a thoroughfare is a highway, seems not fully settled. in TriBeCa. Eastern Consolidated's professionals Senior Directors, R. Stuart Gross and Jeffery Troy as well as Associate Broker, Aliza Avital are marketing the site, which is expected to garner keen interest given its prime location and development potential. "TriBeCa is certainly one of the City's most sought after investment locations," said Mr. Gross. "Nine different subway lines converge within walking distance of this parcel on Chambers Street and over one million people work in lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North every day. There are also untold thousands of City residents who frequent the city, state and federal government agencies located in and around City Hall." 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. Troy, "The surge in residential development in TriBeCa, coming in the form of existing structures that have been converted, as well as new construction, has catapulted TriBeCa to a new level of desirability. "The site on Chambers Street is an excellent opportunity to buy a foothold in this extremely popular Lower Manhattan submarket where demand is unprecedented and prices continue to escalate es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. ." Founded in 1981, Eastern Consolidated has emerged as one of the country's preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae full-service real estate investment brokerage firms. |
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