The Carlyle Group bought the vacant land at 72 Caton Place from JEMB Realty on May 24th for $23 million. The deed names 72 Caton Place Owner LLC (c/o The Carlyle Group at 299 Park Avenue, 35th floor) as the buyer and Caton Member LLC (at 150 Broadway, Suite 800) as the seller.
JEMB Realty, which bought the land from Suzuki Partners in April 2017 for $15.2 million dollars, had planned to build an eight-story self-storage facility on it.
Suzuki Partners, which bought it from Calvary Cathedral of Praise in February 2015, had planned to erect a nine-story residential rental and retail building.
Prior to that, it served as Calvary's parking lot.