Greystone is planning to develop a 10-story building at 108 Chambers Street, in Tribeca, according to Tribeca Citizen. The property was acquired in April for $17 million, and is currently home to a single-story retail building. The site has roughly 12,000 square feet of unused air rights, but Greystone plans to demolish the existing structure. Site preparation is expected to begin in the next few weeks, but demolition and new building applications have yet to be filed.
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