Rockrose Development has secured the final air rights necessary to build the first tower in its 1.6 million-square-foot Hudson Yards master plan. The firm paid $20.5 million for over 139,000 square feet of air rights from the Metropolitan Transportation Authority, according to new report from Pincus Co. The pencils out to $147 per square foot. Developers can purchase additional air rights in Hudson Yards through payments to the city’s Hudson Yards District Improvement Fund or […]
source https://therealdeal.com/2019/02/01/rockrose-paves-the-way-for-hudson-yards-rental-tower-with-20m-air-rights-deal/
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