High Line to Receive Bloomberg-esque Transformation
Real estate developer Ziel Feldman plans to take the High Line to new heights with a 400-foot tall, Bloomberg Building-inspired, mixed-use tower that would be one of the tallest buildings in the area, reports NY Daily News. His company, HFZ Capital, is under contract to buy an $800M block-long site of a parking lot at 518 W 18th St. (So they’re basically paving a parking lot and putting up a paradise.) Provisional plans for the new 800k SF tower include a driveway/courtyard combo much like the Cesar Pelli-designed Bloomberg tower, ground-floor retail (presumably high-end), a hotel concept inspired by Larry Silverstein’s Four Seasons at 30 Park Place and condos on the higher floors. Projected prices for the condos are as high as $6k/SF, way higher than the median price of $2,212/SF in the area.
