City Urban snags Soho corner lot at steep discount
City Urban Realty snapped up one of Soho’s last blank canvases. Michael Alvandi’s firm paid $14 million for a vacant corner lot at 144 Spring Street in an off-market deal, The Real Deal has learned. The price is a steep discount from the $24.7 million that Travelzoo founder Ralph Bartel paid for the property in 2012. Bartel had plans to build a glassy Minimalist box with two soaring stories on the corner of Spring and Wooster streets, according to filings with the city department of buildings. But those plans, seemingly for a high-end retail concept, never materialized and the lot […]
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