Because the High Line is a development magnet and all that jazz, JDS Development Group and Largo Investments have closed on a West 24th Street sitewhich they'd already been eyeingfor $34.75 million. The parcel allows for about 50,000 square feet of new development, so that means the transaction works out to about $700 per buildable square foot. (Not as high as expected, but still high.) JDS didn't comment on what it'll build, but you know, it doesn't take a rocket scientist to guess condos. [TRD; previously]
Filed under: