Developer Harry Macklowe is in contract to buy a mixed-use development site at 985-989 Third Avenue on the corner of East 59th Street for $100 million. The property can hold a retail and condo project up to 90,000-square-feet. SL Green bought the parcel in 2012 for $18 million, and subsequently purchased air rights from neighboring buildings, setting the ground work for the future building. [NYP, 2nd item; photo via Property Shark]
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