5 Franklin Pl, new york, ny

PROJECT DESCRIPTION: JEL Development acquired three sites at Five Franklin Place over the course of several years. This included the air rights from neighboring properties. JEL was able to navigate complex zoning, entitlement, and encumbrance issues to achieve the maximum height and square footage allowable. Once fully approved and entitled the project was sold.

DEVELOPER: JEL Development

COMPLETION YEAR: 2009

STATUS: Completed & sold

PROJECT METRICS:

•  ROI: 18%

INVESTMENT OPPORTUNITY?: Contact us for more information.