Manhattan Property Owners Seek Over $500 Million for Park Avenue Development Site
ByAinvest
Wednesday, Sep 3, 2025 3:54 pm ET1min read
NMRK--
Manhattan property owners are seeking a buyer for a prime development site on Park Avenue, with an asking price of over $500 million. The site, spanning 527,000 square feet, is located near JPMorgan Chase and Citadel's developments. The joint venture between GDS Development, Corem Property Group, Deutsche Bank, and MRP Realty is marketing the site through Newmark Group.
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