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HFZ's Midtown Development 80% Sold; L+M Makes Big LES Buy

MIDTOWN EAST—HFZ Capital's Midtown East development, Halcyon, at 305 East 51st Street is now 80-percent sold. The 123-apartment building which went on sale around the beginning of 2014 is notable for its ritzy amenities and troubled past. The building's sales update comes with word that a contract has been inked for Penthouse B, which was listed for $11.75 million. Remaining apartments in the building range in ask from $1.2 million to $12 million. [CurbedWire inbox; previously]

LOWER EAST SIDE—L+M Development Partners and Nelson Management Group have snatched up 257-271 South Street, a 19-story residential building between Clinton and Jefferson streets off of FDR Drive. The building currently houses 256 apartments which, under L+M, will serve as mixed-income housing. [CurbedWire inbox; previously]


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