Monday, May 21, 2012
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million
That above stretch of retail that includes a Rite Aid on Avenue D between Seventh Street and Sixth Street hit the market today for $22.5 million, The Real Deal reported. The site is earmarked for a residential development that "could potentially rise 12 stories" — particularly with "the creation or preservation of affordable housing."
In a news release announcing the sale, Eastern Consolidated's Alan Miller said, "The residential portion of the building will, no doubt, provide spectacular views of Manhattan as well as views of the East River and beyond."
Read The Real Deal piece here.