Common Contracts

DEVELOPMENT RIGHTS PURCHASE AND SALE AGREEMENT

Development Rights Purchase and Sale Agreement • June 27th, 2018 • New York

• Contract Type
  Development Rights Purchase and Sale Agreement
• Filed
  June 27th, 2018
• Jurisdiction
  New York

(“Agreement”) is dated as of July , 2018, and effective as of the date this Agreement (the “Effective Date”) is executed by and among HUDSON RIVER PARK TRUST, a New York State public benefit corporation organized pursuant to the Hudson River Park Act, Chapter 592 of the Laws of 1998 of the State of New York (as amended, the “Act”) having an office at 353 West Street, 2nd Floor, New York, N.Y. 10014 (“Seller”), DD WEST 29TH STREET, LLC, a New York limited liability company having an office at c/o Douglaston Development, LLC, 555 5th Avenue, New York, N.Y. 10176 (“Purchaser”), and ROYAL ABSTRACT, having an office at [ ] (“Escrow Agent”).