Legion Investment Group has acquired a condominium development site located at 200 East 83rd Street on the Upper East Side of Manhattan for $68 million. The site, currently occupied by a 13-story rental building, has significant potential for redevelopment into luxury condominiums. This acquisition marks Legion's continued expansion in the upscale residential market of New York City, following their recent purchases in the area including 1128 Madison Avenue and 145-151 East 60th Street. The move underscores Legion's strategic focus on capitalizing on demand for high-end housing in prime Manhattan locations, further solidifying their position as a prominent player in the city's competitive real estate sector. Read more on the Commercial Observer.