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"Just imagine what is going to happen with that kind of development". Metro and the two developers will now work toward crafting a final project proposal with the hopes of bringing one before the board by the end of 2018, said Wells Lawson, a director in the agency's joint development program.
The two developers had spent more than $2 billion.
One of the two developers, Five Quarter, recently went into receivership.
The building, a Trump-Cappelli venture, is similar to one that the two developers recently completed in downtown White Plains.
Even Brian Adler, one of the two developers, has been surprised at the size of the homes.
As a result, she said, the two developers left in 1992 and formed their own game company, Elliott Portwood Productions.
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Samsung first announced the two developer products at a digital health event back in May.
Morgan Stanley, the anchor tenant for one of the four developers vying to buy the development rights for the West Side railyards, is backing away from a deal to build its headquarters on the site.
Each of the three developers is building its portion of the site independently of the others.
The three developers, who had spent a year and from a few hundred thousand dollars to $1 million each on preparing and presenting their proposals, were not amused.
Rents for the market-rate one-bedroom apartments are yet to be determined, said Mark P. Miller, the lawyer for the three developers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com