111 Washington Street

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of one of the most prominent development sites in Lower Manhattan today. 111 Washington Street is ideally situated in the heart of the Financial District and features a combined 235’ of frontage on Washington and Carlisle Streets. The site’s premier location and flexible zoning designation allows developers the opportunity to construct a global icon that will undoubtedly attract elite residential purchasers and draw top retail and commercial tenants from across the globe. The corner site features a lot area of approximately 11,208 square feet and due to air-rights that have been acquired from several adjacent parcels the total buildable square footage equates to approximately 340,526 square feet. The C6-9 zoning designation allows for residential, hotel, retail and office development, creating the opportunity to capitalize on the wide array of local demand drivers within Lower Manhattan. Furthermore, the zoning does not require a height restriction and a future development will benefit from expansive harbor and city views. The total development site consists of the lot located at 111 Washington Street and air-rights from 105 and 109 Washington Street, along with 102-104, 106, and 108 Greenwich Street. The Lower Manhattan sub-market has reemerged as one of the most sought after areas of the city due to a series of recently completed and planned developments. Notably, the new Fulton Street Transit Hub along with Brookfield Place and soon to be completed World Trade Center Transportation Hub, all of which will positively impact future commercial, retail, and hospitality growth. In addition, New York City tourism reached a record level of 56.4 million visitors in 2014 and that total is expected to increase exponentially in 2015 due to Lower Manhattan’s plethora of local attractions. The property is easily accessible through public transportation with the 1 and R trains are located just two blocks south on the corner of Rector and Greenwich Street. Additionally, the 4 and 5 trains are just 4 blocks to the east on Wall Street. 111 Washington Street represents a unique opportunity to make a lasting impression on the New York City skyline within a flourishing section of