SL Green Realty Corp. SLG today announced it has reached agreement to
acquire The Olivia, a mixed-use residential and commercial building, situated
at the gateway to Manhattan's far west side. The $386 million acquisition also
includes an adjacent lot.
The 36-story, 492,987-square-foot building, which was completed in 2012, is
located at 315 West 33^rd Street between 8^th and 9^th Avenues and includes
333 luxury rental apartments. The commercial space, which is 100 percent
leased at below-market rental rates, consists of 270,000 square feet primarily
situated along 34^th Street, and includes a 14-screen movie theater, five
ground-level retail stores, two office suites and a 250-space parking garage.
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