Posted Jul 29, 2022, 10:08 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,918
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https://therealdeal.com/2022/07/29/b...for-just-169m/
Buyer nabs Oceanwide’s distressed supertall site for just $169M
China-based firm, which paid $390M, lost control of FiDi project in May
New York
Jul. 29, 2022
Quote:
…..Oceanwide was planning a tower that would rise roughly 1,500 feet. By roof height, it would have been the tallest building in Lower Manhattan. Three years after Oceanwide bought the site, however, it quietly started marketing it for $300 million.
Last year, Oceanwide started trying to sell the site again, looking for around $200 million. But potential buyers might have surmised that they could get it for less by waiting.
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