A recent deal testifies to just how valued Bryant Park-side real estate has become.
Adding value to their constituents’ property is one of the main goals of urban management organizations, and in this category, Bryant Park Corporation may have no peer. Prices and rents near Bryant Park have soared for twenty years now, and a recent deal testifies to just how valued park-side real estate has become.
Lois Weiss of the NY Post reported that the property at 18 W. 40th Street, currently occupied by a parking lot, has been sold. The price-tag for the lot was $83 million, a steep increase from the $46 million it went for just three years ago. That’s serious appreciation.
We are also excited for the new owners’ proposed plans for the property. They envision a 32-story mixed-use hotel and residential tower. The structure would fill an existing void on the 40th Street block and add yet another valuable property to the glittering array of buildings surrounding Bryant Park. We wish the new owners luck in their venture.
The 10th season of Word for Word at the Bryant Park Reading Room is just around the corner. Get ready for famous authors, lauded poets, beloved children's characters, and a new financial literacy series.
Just in time for Easter, BP Shop releases an ultra-soft baby T-shirt with a merry-go-round and runway bunny graphic.
Owners of Herald Center unveil big plans to visually transform the address and attract new retailers to 34th Street.
Last week, we installed 20 pots of hyacinth bulbs in 50 of the neighborhood's CIC managed tree pits.