Taconic sells UES life sciences site to LCOR for $73M
Taconic Partners has sold an Upper East Side property where it once planned to build a large life sciences project. The developer sold 309 East 94th Street to multifamily developer LCOR for $73 million, slightly more than the $70 million Taconic, Nuveen and Flatiron Equities paid for the property five years ago, according to property records. The joint venture acquired the building in an all-cash deal from the Karten family in December 2021, ending the family’s nearly four-decade ownership of the property. The roughly 87,000-square-foot assemblage spans 309 East 94th Street and 324 East 95th Street, running block-through between First […]
This article originally appeared on The Real Deal. Click here to read the full story.
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