SL Green to Develop 215,000 SF Residential Building in Manhattan

by Alex Patton

NEW YORK CITY — SL Green Realty Corp. has entered into a 99-year ground lease with the owner of 126-132 Nassau Street, a construction site in Lower Manhattan. The developer plans to build a 215,000-square-foot residential building at the site after demolishing an existing 98,412-square-foot office building. Additional details of the construction plans were not disclosed. However, this land acquisition follows several recently completed SL Green mixed-use projects in New York City, including a student residence hall at 33 Beekman St.; a student residence hall at 180 Broadway in Brooklyn; and a multifamily building at 185 Broadway in Brooklyn.

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