Ambitious retail project planned for Times Square site

A Times Square development site in New York City traded for $430 million. The buyers are the Witkoff Group, an investment unit of Vector Group LTD, Maefield Development, Infinity Urban Century and Winthrop Realty Trust. The new owners plan to build a 10-story, 130,000-square-foot retail structure and 500-room hotel tower. Read the CoStar Group story here.

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