Eliot Spitzer's Company Spends $88 Million for Vacant Manhattan Property

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    Former New York Gov. Eliot Spitzer's real estate company has spent $88 million for a vacant property in an up-and-coming neighborhood on Manhattan's far west side.

    The deal made public Thursday allows Spitzer Enterprises to build as much as 415,000 square feet on the property at 35th Street between 10th and 11th Avenues.

    The New York Times reports Spitzer wouldn't say what he's got planned for the development. Several developments nearby are being made into tall, mixed-use residential and commercial buildings.

    Spitzer's father founded Spitzer Enterprises. Spitzer owns part of family holdings that include Fifth Avenue apartment buildings.

    Spitzer resigned the governorship amid a prostitution scandal in 2008. He made an unsuccessful bid to become the Democratic nominee for New York City comptroller this summer.

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