October 12, 2018
Avison Young has been named the exclusive agent for the sale of 34 Union Square East, a corner development site offering up to 26,000 buildable square feet in Union Square. The site has an asking price of $32 million, suitable for a mixed-use condominium/retail or boutique office/retail development.
The firm’s James Nelson and Todd Korren secured the assignment, while an Avison Young team comprised of Nelson, Charles Kingsley and Toku Saito will market the site.
The property is the 50th exclusive that Nelson and his team have signed since joining Avison Young in February.
The site features 26 feet of frontage on Union Square East, and over 125 feet of frontage on East 16th Street. The site formerly housed a TGIF restaurant.
“Given its potential for development and prime location in the Union Square area, we are expecting high interest in this site from a variety of investors,” said Nelson.
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