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Manhattan Loses Another Gas Station, Because Real Estate

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Another Manhattan gas station will fall to the wrecking ball. The Daily News reports that a Chinatown ExxonMobil on the corner of Pike Street and East Broadway has sold to Yeung Real Estate Development, who has plans to erect a 13-story office condo at the site. The building, where office space will be available for purchase rather than rent, will also have ground-floor retail, underground parking, a restaurant, and community space. Studio C Architects will design the building, which is anticipated around 2017. The Daily News reports that with the closing, less than 40 gas stations remain open in Manhattan.

· Former Chinatown gas station to be transformed into office tower [NYDN]
· Mapping the Development Boom Displacing New York's Cars [Curbed]