80 South Street | New York City
Project Type: Investment & Advisory
Development Size: 288,000 square feet
Original Purchase Price: $5 million
Exit Valuation: $100 million
Sciame purchased this asset in 2000 for $5 million with the goal of increasing its value through various means including zoning lot mergers, acquisition of additional air rights, and extensive community involvement in the development of the surrounding neighborhood. This building has since become a lynch-pin asset within the Seaport neighborhood in Lower Manhattan.