from today's GlobeSt (8/19):
Last updated: August 19, 2008 09:29am
NYU Closes on $275M Dorm Buy
By Natalie Dolce
"NEW YORK CITY-New York University has closed on its purchase of the Gramercy Green building at 316 Third Ave. from developer JD Carlisle Development Corp. According to the Office of the City Register, the purchase of the approximately 260,000-sf building was for $275 million, although an NYU spokesperson did not confirm the price.
The spokesperson did confirm that "the purchase has closed" and notes that NYU "determined its intentions to use the 21-story condo for dorm use early on." The facility, located at 23rd Street and Third Avenue is the newest addition to the NYU residential education family and will primarily house sophomore students." ...
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