TRANSACTION
Manhattan, NY(High Line)
Asset Type
Development
Transaction Type
Site Selection / Investment Sales
Date
March 2019
Address
538-544 West 29th Street
Description
Completed in March 2019, this D22 Capital Advisory assignment involved a $41,999,999 site-selection and investment-sales transaction for a development assemblage at 538–544 West 29th Street near Manhattan’s High Line. The documented program contemplated hotel and multifamily uses.
D22’s work combined location analysis with an investment-sales process for multiple development parcels presented as one opportunity. The engagement reflects the firm’s experience with complex urban assemblages and mixed development programs. For developers and investors reviewing relevant precedent, this page records the West 29th Street addresses, proposed uses, assignment, completion date and transaction amount. Its nearly $42 million value, 2019 completion and hotel component distinguish it from D22’s separate $21 million West 21st Street multifamily assemblage completed in 2017.
