The Real Deal New York

Pink Stone moving ahead with 51-story FiDi tower

Building will have three floors of retail, most likely be a rental

December 12, 2014 05:07PM
By Rich Bockmann

From left: A rendering of 111 Washington Street, Richard Ohebshalom and the development site

From left: A rendering of 111 Washington Street, Richard Ohebshalom and the development site

Richard Ohebshalom’s Pink Stone Capital is moving along with a 51-story, 429-unit tower in the Financial District that seems destined to be a residential rental building, according an application filed today with the Department of Buildings.

The Midtown-based developer, which purchased a distressed note in 2011 to acquire the development site at 111 Washington Street, will build a 306-foot, mixed-use tower. At the time, the tower was expected to be 54 stories tall, as The Real Deal reported. The application shows the 334,107-square-foot tower will house three floors of retail and 429 units.

Gary Handel is the architect of record.

  • FidiBuilder

    I do not believe Rich can tie his own shoes… How is he going to build a Tower?

    • Bh

      it’s a hideous bland design

    • Guest

      It’s called “a rich dad”…

  • RE

    More power to the Jewish Iranian sector of the real estate industry.

  • Shlo

    Jealousy doesn’t achieve much – meanwhile Rich does. Genius understated and underestimated – always believed you. #forthoseintheknow

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