An assemblage of six contiguous buildings, including the one that used to house beloved dive bar Subway Inn, on East 60th Street is in contract to sell to Chinese private equity firm Kuafu Properties for more than $300 million, The Real Deal reports. The buildings, which stretch from 143 to 161 East 60th Street, were acquired by the World Wide Group over a nine year period starting in 2005. The site could accommodate a 280,000-square-foot tower that could rise to 1,000 feet, making it the tallest building in Midtown East. (The site is basically on the border between Midtown East and the Upper East Side.) Kuafu is also developing the Hudson Rise hotel in Hudson Yards, which is not going so well.
· Kuafu to buy UES development site for north of $300M [TRD]
· Supertall Tower Will Likely Replace Old Subway Inn [Curbed]
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