Tuesday, September 02, 2014

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Spitzer Adds $88M West Side Property To Portfolio

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Former governor Eliot Spitzer is adding a vacant property on Manhattan's far West Side to his real estate portfolio.

Spitzer Enterprises forked over $88 million for the plot on 35th Street between Tenth and Eleventh avenues.

The deal allows Spitzer's real estate company to build as much as 415,000 square feet on the land.

There is no word on what Spitzer plans to do with the property, but several nearby developments are being turned into tall, mixed-use residential and commercial buildings.

The neighborhood is looked at as up and coming with the extension of the seven line, the soon to be finished High Line park, and the future Hudson Rail Yards development.

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