The Real Deal New York

Trevor DavisFrom the February issue: Trevor Davis could hardly be called shy, but the last few months have probably tested his stomach for public scrutiny. The down market hasn’t been kind to the gregarious, South African-born developer, known for hunting big game and taking on big, controversial projects. “He’s been a little quiet, actually,” said Dan Fasulo, managing director of research at Real Capital Analytics. “This downturn has been difficult for many local developers that didn’t have access to big institutional capital.” Much of Davis’s turmoil of late has sprung from 1055 Park Avenue, a luxury glass condo surrounded by rows of stately prewar co-ops. Its five apartments feature floor-to-ceiling glass enclosures that seem better fit for Soho or Chelsea than its neighborhood of Carnegie Hill. After a series of cuts, apartment prices range from $4.3 million to $7.5 million. [more]