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NEW YORK CITY — Rockrose Development Corp. has acquired a 19,475-square-foot development site in Manhattan's Hudson Yards area, where it has the ability to construct a 528-unit rental building. The site, located at 528-534 West 39th St., also allows for an additional 1 million square feet of commercial development. Rockrose purchased the parcel from Mercedes Benz. The land area Rockrose has accumulated at the site totals 73,793 square feet. Rockrose is evaluating its options for the site, including the development of a residential, office or hotel property. Howard Greenberg and Anne DeMarzo of Ace Capital represented Rockrose in the transaction. Michael Laginestra and Michael Geoghegan of CBRE Group represented Mercedes.