A former industrial printing building just south of the World Trade Center site at 110 Greenwich Street has come onto the market, and may become a much taller structure with its 30,000-square-feet of available air rights. The Post reports that the occupying 66,530-square-foot building that was converted into 60 rental apartments in 1997 by owner Jakobson Properties, the firm behind the mystifying NoFeeRentals.com, is seeking $65 million. The corner property has 6,000 square feet of retail frontage, which currently houses the longstanding institution, Trinity Boxing Club.
Upon its sale, the 30,000-square-feet of available air rights could either be incorporated into 110 Greenwich Street's upward development, or transferred to a neighboring lot for sale on Washington Street. 111 Washington, currently home of a defunct parking garage, is on the market seeking $260 million for its 362,000-developable-square-feet. Rather than a rehab, it seems more likely that the Greenwich Street site will be torn down en route to becoming more like the big developments familiar to the 'hood as of late. With neighbors like 22 Thames and nearby 101 Murray, the development of the zoned residential or hotel property seems imminent.
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