U.S. commercial real estate company Tishman Speyer has acquired 527 W. 36th St., a two-story auto repair building in Manhattan, New York, for $20.14 million.
The acquisition paves the way for the next segment of lushly landscaped Bella Abzug Park.
Tishman Speyer plans to demolish the small building and then build a greenway between West 36th and West 37th streets and west of 10th Avenue.
The finished park, which is being constructed one block at a time, will end at West 39th Street. Work is expected to begin late this year or early in 2020.