By Kaitlin Ugolik (May 13, 2014, 6:31 PM EDT) -- The Related Cos. is reportedly poised to pay more than $200 million for a pair of development sites near Manhattan's High Line park currently occupied by a garage and a parking lot. Crain's New York reported that Related had agreed to buy the sites with plans to build a 250-foot-tall residential tower. The neighborhood has seen a significant amount of new, expensive residential development in recent years, as the High Line has become a popular destination and Manhattan's West Side has boomed with new growth, including Related's own Hudson Yards. Related's new project near the High Line has the potential to cover the entire block, and the developer may buy air rights in order to build higher than 125 feet, according to Crain's....
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