The construction company behind the massive Carson, New Jersey, skyscraper that will house one of the world’s tallest residential buildings, says it will sell its office space, its retail space and a parking lot.
The Carson City Council voted on Monday to allow the company, the Cascades Construction Company, to sell the land, according to the New Jersey Business Journal.
The property will be sold through the Carson City Economic Development Authority, which is a non-profit organization, according the New York Times.
It’s unclear what the sale price will be, but the company said it’s worth about $300 million, which was confirmed by the local real estate agent.
Carson City’s Economic Development Board announced in January that it was purchasing the land for $25 million.
The board said it had received $25.9 million in incentives from the New Yorkers, who said they wanted to see the skyscraper completed before the end of 2021.
The project will take about three years to complete, and will house the World Trade Center Memorial and the new headquarters of the Carson-based Cascaders.
The new headquarters, which will include a luxury hotel, will open in 2020, and it’s expected to be completed by 2020.