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Itzhaki and Continental scrap plans for Kips Bay tower, sell site for $64M

Minrav USA, the U.S. arm of Israel-based Minrav Development, closed Monday on the purchase of the development site at 368 Third Avenue, sources said. The site, which offers 116,000 buildable square feet, was delivered vacant.
Minrav is expected to follow through on the site’s approved plans, which called for a 34-story, 103-unit residential tower, sources said.
35 floors, 408' filed for. http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=121190745&passdocnumber=01

 

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