In January, The Times reported that The Museum of Modern Art had sold a vacant lot next to it on 53^rd Street to Hines, a Houston-based real estate developer, for $125 million. The lot consists of about 200,000 square feet of buildable space.

Hines will build a mixed-use building on the plot of land that will connect to three gallery floors in the museum. ]]> The big MoMA deal, which The New York Times reported earlier this year, is now official. City records indicate that the deal for 55 West 53 ^rd Street closed on May 3 for $125.5 million.

In January, The Times reported that The Museum of Modern Art had sold a vacant lot next to it on 53^rd Street to Hines, a Houston-based real estate developer, for $125 million. The lot consists of about 200,000 square feet of buildable space.

Hines will build a mixed-use building on the plot of land that will connect to three gallery floors in the museum. ]]> http://observer.com/2007/06/moma-deal-closes-for-1255-m/feed/ 0 jhanasobserver