Itzhaki Properties and Continental Ventures ditched plans for a Kips Bay rental tower in favor of selling the site to another developer for $64 million, sources told The Real Deal. Minrav USA, the U.S. arm of Israel-based Minrav Development, closed Monday on the purchase of the development site at 368 Third Avenue, sources said. The site, which offers 116,000 buildable square feet, was delivered vacant. Minrav is expected to follow through on the site’s […]
source https://therealdeal.com/2018/05/02/itzhaki-and-continental-scrap-plans-for-kips-bay-tower-sell-site-for-64m/
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