ABC is selling BOTH of its UWS campuses. The one between West 66th and West 67th Street between Columbus and Central Park West as well as their further west studio sites to Silverstein Properties. The redevelopment of the site will include a mix of uses, but does plan for residential, as predicted.
Final price tag: $1.155 Billion. Excluded from the sale is the First Battery Armory building.
For the bargain price of $650 Million, ABC will unite with its digital arm currently housed in the Chelsea Market and consolidate to 4 Hudson Square in a block-long building bound between “Hudson, Varick, Van Dam and Spring Streets.” The block has several buildings on it, including a former fruit market, currently housing the office of Rafael Vinoly, architect of the much debated 432 Park Avenue.
Read further coverage in the Wall Street Journal, the New York Post, Bloomberg News, and via ABC NEWS, from CURBED and on The Real Deal, Commercial Observer, NY1, and even TVNewser who asks: Will the new building continue to carry the name of Barbara Walters? What will happen to Peter Jennings Way, which is what ABC News’ West 66th Street block was renamed back in 2006? That remains to be seen…
Comment of the day goes to The Real Deal reader who asked: Silverstein couldnt figure a deal for Disney to Move into WTC2?
Check back for updates to this post and the ABC WATCH page.