The Bloc Airspace Subdivision
Adding Value and Marketability
The owners subdivided the four-acre retail/commercial/hotel property into three separate uses in order to take each piece to market separately. This trending approach can enhance the value and marketability—making the parts worth substantially more than the whole.
Psomas prepared a tentative and final tract map for the 3D subdivision, allowing potential buyers the flexibility to purchase the whole property or just the 26-story hotel, the 33-story office, or the 349,109 SF retail portion.
The airspace subdivision brings more competing investor interest to the property.