JLL has been hired on an exclusive basis to arrange for the sale of a mixed-use development opportunity at 34 Union Square East, one of the few remaining development sites overlooking Union Square Park.
The site is located on the Southeast corner of Union Square East and East 16th Street, an ideal corner location with over 150 feet of wraparound frontage offering protected light and a strong street presence. Currently, the site is comprised of 2-story commercial building totaling approximately 6,500 square feet which will be delivered vacant.
- The site is split zoned between C6-4 and C6-2A and is located within the Special Union Square District, which permits an 8.0 residential and 6.0 commercial FAR
- In total, the site can accommodate up to 26,000 square feet as-of-right and up to 31,200 square feet inclusive of a fully approved 5,200 square foot inclusionary housing bonus
- The site offers potential developers a blank canvas to construct a truly unique boutique mixed-use condominium project.