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FiDi Might Get Another Tower On This $42M Nassau St. Site

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A new and rather large building may rise over three contiguous Financial District lots. Lexin Capital snatched 75-81 Nassau Street from the first family of discount department store Century 21 in a $42 million sale. The buildings between Fulton and John streets currently house 41 market rate apartments and ground floor retail space over 50,000-square-feet, but Crain's speculates that with the site's ability to accommodate up to 108,000-square-feet—over double the existing structure—Lexin will likely try their hand in contributing to FiDi's residential boom. If the firm were to move forward with redevelopment, they could bring 72,000-square-feet of residential and 36,000-square-feet of commercial space to the site.
· Century 21 owners sell trio of bldgs. for $42 million [Crain's]
· Mapping FiDi's 17 Upcoming Residential Buildings [Curbed]