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Property buys give developer control of entire NYC blockfront

Curtains up — on a probable big Midtown actual property growth.

The Celtic Pub occupies one of the newly bought properties.

Broadway’s highly effective Shubert Organization has offered two valuable Eighth Avenue parcels to Gary Barnett’s Extell Development, giving Extell control of a complete Midtown blockfront.

Extell paid $39.1 million, in keeping with public information, for 738 and 740 Eighth Ave, that are the websites of a small car parking zone and a bigger vacant lot respectively.

The deal provides Extell possession of the entire east facet of the avenue between West forty fifth and forty sixth streets. There is one other vacant lot on the block’s south finish and several other low-rise buildings stand within the center.

One constructing is house to Playwright Celtic Pub, a well-liked, four-story Irish restaurant and bar with a roof deck that’s been on the location since 2000. It’s now within the growth crosshairs, however Extell’s plans are unknown. Barnett didn’t reply to requests for remark.

The empty lot on the West forty fifth Street nook extends all the way in which to the long-standing Pergola des Artistes restaurant, which abuts the Imperial Theater.

The assemblage seems to be massive sufficient for a brand new constructing of as much as 1 million sq. toes — maybe extra if Barnett, who’s a magician with air-rights transfers, is ready to switch some from neighboring properties.

The block has been the main focus of a lot inaccurate rumor and hypothesis over time. Related Companies and Boston Properties as soon as owned components of it however they by no means went forward with a brand new project.