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For-Sale Midtown Parking Lot May Sprout New Development

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Another parking lot is looking for its turn at development. The block-through lot at 322-326 West 44th Street between Eighth and Ninth avenues is being marketed as a 99-year net lease by owners Manhattan Parking Group, who snagged the site for $6.8 million plus the remaining mortgage balance in 2007, Crain's reports. The lot in the Special Clinton District is zoned for commercial, residential, or mixed-use development and can accommodate up to 35,400-square-feet of development.
· Times Square parking lot hits market [Crain's]
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