January 11, 2021
Marcus & Millichap has listed 8 Carlisle St., an 11,208-square-foot development site in Manhattan’s Financial District. The price is open bid.
“This large-scale site is one of the few as-of-right projects in a prime Manhattan location with no problematic tenancy issues,” said Eric Michael Anton in Marcus & Millichap’s Manhattan office. “Flexible zoning allows a developer to implement a strategic business plan that will capitalize on the property’s highest and best use.”
Anton is leading the marketing effort on behalf of the seller, a private long-term ownership group.
He added, “This is a once-in-a-generation, shovel-ready opportunity with construction plans for a 50-story tower that will have panoramic city and harbor views. It is being offered during a temporary COVID-19 building slowdown that provides a window to lock in a favorable guaranteed maximum price on construction costs.” The site has 340,526 square feet of mixed-use development rights.
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