The Real Deal New York

Far West Side neighborhood news

  • From left: Dan Neiditch, president of River 2 River Realty, and the Atelier building

    A block of nine apartments at the Atelier condominium tower in Hell’s Kitchen hit the market today with an asking price of $85 million. If combined as advertised, the units would become a 10,000-square-foot apartment spanning the entire 45th floor at 635 West 42nd Street.

    The price includes a $2 million construction credit, according to Curbed, which first spotted the listing. [more]

  • From left: Tiger Wood, the Isleworth development home and Bubba Watson

    From the South Florida site: After that pesky sex scandal, Tiger Woods listed one of his Windermere homes in the Isleworth development. The mansion sat on the  market for sometime before eventually being picked up by a mystery buyer last summer. Now that buyer has not only revealed himself, but also unveiled plans for a massive renovation, AOL reported. [more]

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    Stephen Ross
    Related Companies Chairman Stephen Ross thanked god that he decided to move to New York, a city whose prospects he was very high on, in an appearance on Bloomberg Television’s “Market Makers.” The developer also discussed his firm’s Hudson Yards development at length (see video after the jump)…. [more]

  • Rendering of Hudson Yards

    The Related Companies has won wage-cutting agreements with some four dozen construction unions in its efforts to save money at the $15 billion development of Hudson Yards, Crain’s reported.

    The developer, one of the most outspoken for the need to cut construction costs during contract negotiations with unions last year, got the groups to agree to cut wages and benefit packages by 10 percent to ensure they would be commissioned to work the massive construction project expected to carry on for the next decade. The deal is not yet final. [more]

  • From left: Joseph Chetrit (credit: DNAinfo) and Baruch Singer

    For the third time in two days, major property news is emerging from the Far West Side near the Jacob Javits Center. A day after The Real Deal reported Rockrose Development closed on its purchase of a West 39th Street development parcel and the Imperatore family reportedly began exploring a sale of a 1 million-square-foot development site across 11th Avenue from the Javits Center, Crain’s reported that Joseph Chetrit has entered contract to buy property in the area for $26 million. [more]

  • From left: Justin and Henry Elghanayan and the site on 39th Street

    Rockrose Development has purchased a 19,475-square-foot commercial development site near Hudson Yards, bringing to completion a decade-long plan to acquire an entire block on the Far West Side.

    The acquisition of the site, at 528-534 West 39th Street, paves the way for a residential development totaling 528 units as well as an additional 1 million square feet of commercial development, Rockrose President Justin Elghanayan told The Real Deal following the closing today. [more]

  • Darcy Stacom (top), Edward Imperatore (bottom) and the development site

    The owners of a large development site across the street from the Jacob K. Javits Center have hired CBRE Group Vice Chairman Darcy Stacom to explore a possible sale, Crain’s reported.

    The L-shaped lot is owned by the Imperatore family and fronts 11th Avenue and spans the entire block between West 36th and West 37th streets. Crain’s said a development of 800,000- to 1 million square feet could be built on the site. [more]

  • Glenwood's Gary Jacob and 743-763 Eighth Avenue

    Hospitality firm Riu Hotels & Resorts has paid residential owner and operator Glenwood Management $111 million for a large development site on the West Side. The five parcels on the west side of Eighth Avenue, between 46th and 47th streets, including addresses 743-763 Eighth Avenue, would allow a building between 260,000 square feet and 320,000 square feet, according to published reports. [more]

  • Durst Fetner's West 57th Street pyramid

    More than a year after unveiling plans for a pyramid-shaped building on West 57th Street near the West Side Highway, Durst Fetner Residential will begin carrying the plans through the land-use review process. According to the Wall Street Journal, the developer will start the seven-month effort, which includes votes by the City Planning Commission and City Council today. [more]

  • From left: TF Cornerstone Chairman Thomas Elghanayan, President Fred Elghanayan and 602 West 57th Street

    Updated: Residential developer TF Cornerstone signed a long-term lease to take control of four parcels on the West Side where AvalonBay once considered building a luxury rental tower.

    Thomas and Fred Elghanayan’s TF Cornerstone closed on the 99-year lease for 602 West 57th Street with property owner Four Plus, a real estate investment company based in Montgomery, Ala., on May 29, documents filed with the city show. [more]

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