Extell has entered into a contract to acquire 1855 Broadway from the New York Institute of Technology (NYIT) for around $90 million, according to TRD. This property is located at the corner of Broadway and West 61st Street allows for the development of 78,234 square feet.
- Be Smart: Gary Barnett is stitching together a site north of Columbus Circle. He already owns 17 West 60th Street, which allows for the development of 76,525 square feet.
- Worth Noting: The deal will close when NYIT finalizes its plans to relocate its campus.