Avdoo is looking to capitalize on a rising corner of Lower Manhattan.  Shlomi Avdoo’s firm paid $63 million for a 12,500-square-foot lot on the corner of King and Varick streets in the Hudson Square neighborhood. Valley National Bank financed the purchase with a $40 million loan.  The site has over 125,000 square feet of development rights. Avdoo plans to pursue additional floor area through air-rights deals and a transit-related bonus tied to infrastructure improvements. The final shape of the project will depend on the additional development rights Avdoo secures, but the developer said he is targeting high-end residential spanning more […]

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