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Fortis snaps up FiDi development site for $64M

September 5, 2013, 9:55 am
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Fortis Property Group, one of the main players behind the development of the Williamsburg waterfront, has acquired a Financial District development site for $64 million, according to public records filed with the city yesterday. The two-parcel site, at 151-161 Maiden Lane, is an 11,539-square-foot lot occupying an entire city block and offers nearly 250,000 square feet of buildable space. The site is bound by Fletcher Street to the north, South Street to the east, Maiden… [more]

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Alec Baldwin buys another Devonshire unit – for nanny?

September 5, 2013, 12:26 pm
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New dad and former “30 Rock” star Alec Baldwin has developed a reputation for warring with the paparazzi who camp outside his East Village apartment — but it seems they haven’t dulled his enthusiasm for his posh digs. In fact, Baldwin has purchased yet another condominium unit at the Devonshire building at 26 East 10th Street for $75,000 over its asking price, according to public records filed with the city today. The hot-tempered Emmy Award… [more]

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Schinasi Mansion buyer revealed: Goldman’s Mark Schwartz

September 5, 2013, 4:27 pm
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Goldman Sachs honcho Mark Schwartz, one of just four vice chairmen at the global investment bank, has been revealed as the buyer of Manhattan’s last freestanding single-family mansion, the Schinasi House at 351 Riverside Drive, thanks to public records filed with the city today. Shwartz and his wife, Lisa, have been based in Beijing since June 2012, since Goldman appointed him chairman of the bank’s Asia-Pacific region, the highest-level executive ever posted to China. But… [more]

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Chinatown developer plans 26-story FiDi hotel

September 6, 2013, 2:58 pm
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A Chinatown-based developer has filed plans to build a 26-story hotel at 11 Stone Street in the Financial District, according to Department of Buildings records. The new 170-room hotel will total 56,023 square feet, the plans show. It will be designed by Brooklyn-based architect Shining Tam, whose projects include the Sheraton Hotel at LaGuardia Airport and the Excel Tower condominium at 31 Monroe Street on the Lower East Side. The development site, a 3,623-square-foot lot… [more]

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New residential tower slated for Third Avenue site

September 9, 2013, 12:26 pm
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A vacant lot at 1790 Third Avenue is slated to be developed into a 55-unit residential tower, according to plans filed with the New York City Department of Buildings. The new project, on the west side of Third Avenue between East 99th and East 100th streets, will total 41,831 square feet with 13 stories, according to the plans, which have not yet been approved. The proposal was filed by Val Noretz, the director of development… [more]

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Warby Parker founder buys Village pad from tech CEO

September 9, 2013, 2:25 pm
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Dave Gilboa, the monocle-wearing co-founder of trendy online eyewear purveyor Warby Parker, has got himself a nifty new West Village pad, three years after the launch of the company, according to public records filed with the city today. The self-confessed daredevil — whose exploits include trekking across Antarctica and running a marathon in a flamingo costume, according to Warby Parker’s website – bought a two-bedroom penthouse unit at 166 Bank Street, a co-op building on… [more]

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Brooklyn waterfront site trades for sky-high $92M

September 11, 2013, 1:40 pm
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A vast 690,000-square-foot industrial lot in Greenwood Heights has traded for $91.5 million to an investment group led by Mark Karasick of 601W Companies and Michael Silberberg of Berkley Properties, according to public records filed with the city today. The site at 75 20th Street, which can support a property of 1.38 million square feet as of right, was previously owned by an individual named Alfonso Figliolia, public records show. It was used as a… [more]

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Suspended Astoria rentals get going with cash infusion

September 12, 2013, 10:56 am
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A 28-unit unit rental building in Astoria delayed by a neighborhood rezoning will finally be completed, now that the developer has received a construction loan from Madison Realty Capital, principals of the commercial real estate investment firm told The Real Deal. The seven-story, 25,000-square-foot building at 28-18 Astoria Boulevard will be comprised of only one-bedroom units and will have 2,289 square feet of retail space and a 1,189-square-foot community facility. It is being developed by… [more]

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East Williamsburg corner lot hits market for $18M

September 12, 2013, 3:40 pm
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A block-through development site in East Williamsburg is hitting the market with an $18 million price tag, according to commercial brokerage Terra CRG. The 26,000-square-foot lot, at 120 Union Avenue, could support a residential development of up to 101,282 square feet. While much of the surrounding area is excluded from the city’s 421-a tax abatement program, the Union Avenue site falls outside the borders, meaning a developer could take advantage of a break on property… [more]

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Superstar DJ Tiesto eyes Downtown penthouses

September 13, 2013, 3:24 pm
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Tiesto, reportedly the world’s second highest paid electronic DJ, is scoping out pricey Manhattan apartments following a headlining performance at the Electric Zoo festival on Randall’s Island two weekends ago. The Dutch dance and trance music guru, whose real name is Tijs Michiel Verwest, has been spinning up a storm at Las Vegas night club Hakkaasan this summer. But he recently toured Downtown penthouses with Gordon von Broock of the Corcoran Group, the broker said…. [more]

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Another niche gym grabs Manhattan space

September 16, 2013, 1:10 pm
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The Fhitting Room, a boutique fitness studio that focuses on high-intensity training in small classes, has inked a deal to open its second location in Manhattan. It’s the latest in a string of alternative work-out providers expanding their retail presences in Manhattan. The studio, founded by Kari Saitowitz, recently completed a deal to take 5,500 square feet at 31 West 19th Street in the Flatiron District, adding to its existing location on the corner of… [more]

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Lloyd Goldman-led partnership to buy historic Midway Theater

September 16, 2013, 2:55 pm
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A group of local New York City real estate investors including BLDG Management’s Lloyd Goldman, Eric Roth of Brick Capital and Eastern Consolidated’ s Brian Ezratty have purchased the famed Midway Theater retail building in Forest Hills for $20.5 million, Roth told The Real Deal. The two-story, 48,400-square-foot property, at 108-22 Queens Boulevard and 71st Road, is currently home to the United Artists Regal Cinema multi-screen movie theater. It was built in 1940 as a… [more]

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Vornado moves ahead with 300-unit Queens rental

September 17, 2013, 10:24 am
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Vornado Realty Trust has filed plans with the Department of Buildings for a 314-unit residential building above its Rego Park shopping mall in Queens, according to filings spotted by The Real Deal. The 24-story, 287,113-square-foot building addition, which sources said would be a rental complex, is set to be designed by SLCE Architects, the filings show. The Rego Park rental units will be added atop an existing shopping center at 61-35 Junction Boulevard just off… [more]

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Extell, Lend Lease demand One57 crane insurance payout

September 17, 2013, 10:24 am
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It’s been almost a year since a crane at the construction site of Extell Development’s condominium and hotel development One57 snapped in the winds of Hurricane Sandy, threatening to plummet 1,000 feet to street level. But the developer has still not snagged an insurance payout to cover the costs associated with the incident. Indeed, Extell and the project’s construction manager Lend Lease are now suing their insurers, a group led by Zurich American Insurance Company,… [more]

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Benchmark’s Meatpacking District rentals sell for $11M — a 75% markup from last year

September 18, 2013, 7:28 am
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Benchmark Real Estate Group’s selling spree is gaining steam. The multi-family investment firm founded by Aaron Feldman and Jordan Vogel has sold a 22-unit Meatpacking District rental building for $10.75 million, The Real Deal has learned. The property, at 256 West 15th Street between Seventh and Eighth avenues, sold to a private Chinese investor named Sarin & Associates in a deal that closed yesterday for $824 per square foot. The transaction was only Sarin’s third… [more]

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Fashion label Halston sews up lease at Thor-owned Soho building

September 18, 2013, 12:14 pm
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Los Angeles-based fashion label Halston Heritage, a brand associated with the glitz and glamour of the era of Studio 54, has inked a deal for its second New York City location in Soho. The deal comes six months after the retailer entered the Manhattan market with a flagship on Madison Avenue. Halston, created by now deceased designer Roy Halston Frowick, snapped up a 5,150-square-foot space at 59 Greene Street in Soho, sources said. The building… [more]

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Chic London hotelier buys Williamsburg site for $17M

September 18, 2013, 3:11 pm
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Ennsimore Capital, the owner of East London’s affordable hipster-friendly Hoxton Hotel, has snagged a prospective hotel site in an ultra-trendy area of Williamsburg. The group paid $17 million for a sizable 18,000-square-foot site at 93-97 Wythe Avenue between North 9th and North 10th streets, according to public records. The seller was the Sydell Group, the New York City-based owner, developer and manager of Manhattan’s NoMad and Ace hotels. The deal for the property closed Aug…. [more]

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RXR eyes 1 Chase Manhattan Plaza acquisition

September 19, 2013, 1:09 pm
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Scott Rechler’s RXR Realty is considering purchasing 1 Chase Manhattan Plaza, the 60-story office tower in the Financial District owned by JPMorgan Chase. RXR would maintain the 2.2 million-square-foot building, which hit the market in August, as a commercial office tower, despite speculation that it’s a candidate for a residential or hotel conversion, Rechler told The Real Deal. The real estate investor, who has been on an acquisition streak of late, appeared today as the… [more]

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Hudson Square flip: Barnett’s Extell wants $20M for church site

September 20, 2013, 9:26 am
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Gary Barnett’s Extell Development is trying to flip a contract it has to buy a development site in the Hudson Square area, The Real Deal has learned exclusively. Extell wants $20 million for 568 Broome Street, the same amount that it paid for the lot and a nearby one at 32 Dominick Street in June, a source told TRD. The developer is keeping the Dominick Street site, where a townhouse stands. The Broome Street lot… [more]

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Inside the auction of Extell, Ring’s 251 Park Avenue South

September 20, 2013, 1:25 pm
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In just a couple of weeks, some of real estate’s biggest players are expected to converge on a Lower Manhattan courthouse for the auction of 251 Park Avenue South, the largely vacant office building co-owned by Extell Development and landlord Frank Ring. The 100,000-square-foot property has been the subject of a lengthy struggle, with Extell accusing Ring of mismanagement. But it’s also one of the most coveted properties in Midtown South. And the man wielding… [more]

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