The Real Deal New York

Michael Shvo to buy 22 Thames Street for $180M

Current owners bought the site for $87.5 million in 2012

June 11, 2014 08:30AM

From left: Michael Shvo and a rendering of 22 Thames Street

From left: Michael Shvo and a rendering of 22 Thames Street

Michael Shvo is in contract to buy 22 Thames Street, or 125 Greenwich Street, from Fisher Brothers and Steven Witkoff for approximately $180 million, according to the New York Post.

In September 2012, the current owners bought the site for $87.5 million.

Witkoff and the Fishers planned to build a 359,130 square-foot, 956 foot-tall project designed by Rafael Vinoly, with 70 floors of 6,489 square feet geared to rental units. But Shvo, according to the New York Post, will likely redesign the tower and turn it into luxury condos. There is no height limit on the site.

Andrew Scandalios of HFF is the broker on the deal.

Shvo has two other developments planned, one at 239 Tenth Avenue and one at 100 Varick Street. This property, however, would make the most significant impact on the city’s skyline. [NYP] — Claire Moses

5 Responses to “Michael Shvo to buy 22 Thames Street for $180M”

  1. June 11, 2014 at 9:20 am, Crian Bashman said:

    If this isn’t a sign then I don’t know what is.

    • June 11, 2014 at 10:50 am, MSNBC sux said:

      Stick to “baseball” , Einstein

  2. June 11, 2014 at 9:50 am, HughGass said:

    Good for him. Say what you want, but the guy does deals.

  3. June 11, 2014 at 1:57 pm, iceberg said:

    What does it mean that there are no height restrictions? Does such a zoning beast exist?

    • June 11, 2014 at 3:03 pm, Crian Bashman said:

      Height factor zoning. Height is governed by design of building / footprint etc. versus a given height.

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