Thor Equities to Acquire Bedford Avenue Development Site for $36.1 Million

176 Bedford AvenuePost-demolition 176 Bedford Avenue, image via Comercial Observer

The Real Deal reports that the Salvation Army has sold the development site at 176-180 Bedford Avenue, in northern Williamsburg, to Thor Equities for $36.1 million. That’s roughly $2,500 per buildable square foot. The site boasts 14,400 square feet of development potential, and construction plans will almost surely include a large retail component.

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