Madison Equities In Contract For Development Site At 45 Broad Street, Financial District

45 Broad StreetConceptual 45 Broad Street, rendering via Real Estate Weekly

By: 6:00 am on August 4, 2015

In January of 2014, YIMBY brought you news that 45 Broad Street, in the Financial District, was placed on the market. Now the property is in contract, and Madison Equities, partnering with AMS Acquisitions, is the buyer. The price — expected to be north of $100 million — has not been disclosed. The site has 265,000 square feet of development rights, and a 62-story Nobu Hotel was planned prior to the 2008 financial crisis.

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1 Comment on "Madison Equities In Contract For Development Site At 45 Broad Street, Financial District"

  1. Rich | August 4, 2015 at 10:11 am |

    That’s been a huge hole in the ground for years. It’s amazing to me that such a desirable plot can sit as nothing more than an empty lot for so long.

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