JLL has been selected to market a project by Kiska Development along Midtown Manhattan’s prestigious Billionaire’s Row. The development site includes 10 individual lots on the northwest corner of 56th Street and Lexington Avenue, featuring approximately 175,000 sq ft of buildable area and no height restrictions. Zoning allows for residential condominiums as well as boutique office, hospitality, retail and mixed-use configurations.
“This is an extremely rare opportunity to acquire a highly visible development site in the elite Plaza district,” said Mo Beler of JLL. “The property’s flexible zoning permits a wide range of uses, including the development of a luxury condominium project, flagship hotel, boutique office building, corporate headquarters, high-end assisted living facility or mixed-use tower. The scarcity of developable sites in the neighborhood, and the property’s ideal location, provide an outstanding investment opportunity for a forward-thinking buyer.”
