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Old Posted Jan 16, 2014, 1:50 PM
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Location: Borough of Jersey
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Cushman team marketing 45 Broad Street

By REW Staff
January 15, 2014

Cushman & Wakefield announced today (Wednesday) that it has been exclusively appointed to market 45 Broad Street, a development opportunity in the Financial District.

Located steps from the World Trade Center, 45 Broad Street is a vacant site offering approximately 264,200 s/f of FAR for residential and/or commercial use.

The development scope is ideal for a super-luxury residential or mixed-use property. An investor has the opportunity to construct a new tower in the Financial District, within the C5-5 Special Lower Manhattan zoning district, which has no specified height restriction.

Based on initial architectural studies, the site can support a 45- to 50-story tower, according to the brokers marketing the site – Nat Rockett, Helen Hwang, Jared Kelso, Karen Wiedenmann and Sujohn Sarkar.

Added Rockett, “While it’s been talked about for quite some time, the Downtown story is just now taking off with respect to commercial demand and residential pricing.

“With the arrival of major employers to the World Trade Center, the addition of two spectacular transit hubs and one million square feet of new retail, the stage is set for a world-class residential, hotel or mixed-use project at 45 Broad.”

NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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