Tishman’s 110 East 16th Street Development Site Sells for $44M

AI Summary

Tishman Realty sold its 110 East 16th Street development site near Union Square in Manhattan to Pro-H Group for $44.25 million. Pro-H plans to replace the site’s existing parking garage, though the article excerpt does not specify the replacement project.

Tishman Realty has parted with its long-held 110 East 16th Street development site near Manhattan’s Union Square. Developer and general contractor Pro-H Group paid Tishman $44.25 million for the site, a source familiar with the transaction told Commercial Observer. Pro-H, led by founder Burton Hung, plans to replace the site’s existing parking garage with a […]