The Real Deal Vanbarton Group has completed its $103 million, or $258.65/sf, purchase of the 398,214-square-foot office property at 1011 First Ave. in Manhattan. The New York developer is teaming up with AVRS Partners, also of New York, to redevelop the property—the former headquarters of the Archdiocese of New York—into 420 apartment units. The project will […]

The post Vanbarton Closes on $103Mln Purchase of Manhattan Office Conversion Project appeared first on Commercial Real Estate Direct.