It's a nice thing for Manhattan developers that if their development plans don't work out, they can always just turn around and sell their sites for enormous profits. The owner of 117-119 West 21st Street bought it last year for $12 million. He planned to raze the building at the site and build apartments, but that fell through, so he'll just sell it for north of $30 million instead. Good business-ing! [Crain's]
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