AvalonBay abandons West Side plans | The Real Deal | New York Real Estate News

Original rendering of AvalonBay plans AvalonBay has abandoned its plans to construct a new luxury rental development on the far West Side, Crain's reported. The company has decided not to lease four parcels of land owned by Four Plus Corp. located on a block bounded by West 56th and West 57th streets and 11tg and 12th avenues. A lease deal had been pending since February 2008, but it was put on hold due to the recession
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