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Uptown development hits the market.


A development site on the much sought-after densely populated pop·u·late  
tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates
1. To supply with inhabitants, as by colonization; people.

2.
 Upper East Side of Manhattan at 305 East 85th Street has come to market through Eastern Consolidated.

Eastern's Alan P. Miller, senior director, is promoting the sale of the L-shaped vacant parcel that wraps the northeast corner of Second Avenue and East 85th Street with 50' of frontage along Second Avenue and 28' of frontage along East 85th Street.

Potentially, the site could accommodate a 105,000 s/f 21-story residential building in arguably ar·gu·a·ble  
adj.
1. Open to argument: an arguable question, still unresolved.

2. That can be argued plausibly; defensible in argument: three arguable points of law.
 one of the City's most affluent neighborhoods.

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.
 Miller, there are advanced design and development plans in place for the site.

"This is a rare opportunity to acquire a site that is poised for immediate development. 305 East 85th Street is only a short walk from the 4, 5, and 6 subway subway: see rapid transit.
subway

Underground railway system used to transport passengers within urban and suburban areas. The first subway line, 3.
 lines and FDR Drive, and just south of East 86th Street, which is bustling bus·tle 1  
intr. & tr.v. bus·tled, bus·tling, bus·tles
To move or cause to move energetically and busily.

n.
Excited and often noisy activity; a stir.
 with new residential development and a wide variety of retail stores."
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Jan 17, 2007
Words:161
Previous Article:Multifamily refi closed.(FINANCE)
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