The Real Deal New York

Posts Tagged ‘alfa development’

  • From left: 199 Mott Street unit and 25 Prince street condo

    From left: 199 Mott Street unit and 25 Prince street condo

    In the midst of a tight Nolita condo market, the neighborhood will see more units come on line in the near term than it has in years. [more]

  • 199-mott

    Renderings of 199 Mott Street in Nolita

    Flatiron District-based Alfa Development has launched sales at its eight-story condominium project at 199 Mott Street in Nolita. [more]

  • Alfa’s Village Green West launches sales

    November 04, 2013 01:11PM

    245 West 14th Street rendering

    Sales have launched at Alfa Development’s Village Green West, a 27-unit condominium building at 245 West 14th Street, according to a spokesperson.

    Jim Brawders of the Corcoran Group is heading up sales out of an office at 132 West 18th Street. The 12-story building broke ground in September and will begin to rise next year. One-bedrooms start at $1.3 million, and full-floor penthouses start at $7.6 million. The biggest penthouse in the building will be a four-bedroom, two-bathroom, 3,038-square-foot unit, which comes in at close to $9 million. [more]

  • From left: Gary Spindler, Matt Namer, Michael Namer, Mary Louise Perlman and Jim Brawders

    From left: Gary Spindler, Matt Namer, Michael Namer, Mary Louise Perlman and Jim Brawders

    An eclectic mix of artists and real estate execs mingled last night over cocktails drunk out of plastic cups at a preview event for Alfa Development’s newest “green” project, Village Green West at 245 West 14th Street. … [more]

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  • At the desk of Mike Namer

    September 24, 2013 04:30PM
    Mike Namer

    Mike Namer

    From the September issue: Michael Namer, founder of Alfa Development, made his name with condo projects like 130 East 12th Street and Village Green at 311 East 11th Street. But six years ago, Namer made headlines for a very different reason: While working on the 12-unit condo conversion 151 Wooster Street, he found a wall covered in graffiti by famed street artists, including Jean-Michel Basquiat. [more]

  • From left: Alfa CEO Michael Namer, the site at 117-119 West 21st Street

    From left: Alfa CEO Michael Namer and 117-119 West 21st Street

    Alfa Developments conversion of a former Hershey factory in Chelsea will offer 10 full-floor units designed by architect William Alicea as well as parking.

    The site, located at 117-119 West 21st Street between Sixth and Seventh avenues, will rise 12 stories and offer eight full-floor pads as well as two duplexes, according to a report from BuzzBuzzHome. [more]

  • Michael Namer of Alfa and the Meatpacking site

    A legal dispute with the landlord of a Meatpacking District walk-up is preventing Flatiron-based Alfa Development from beginning construction on its latest project, an 11-story residential tower at 245 West 14th Street, according to court records.

    Alfa, the developer behind condominium projects such as the Zachary at 125 East 12th Street and Chelsea Green at 151 West 21st Street, petitioned a judge in New York State Supreme Court on Wednesday to order the owner of the adjacent property to grant the company access. [more]

  • Michael Namer and 34 E. 32nd St.

    Alfa Development picked up the Hotel Grand Union in Midtown South for $28.6 million, or just under $320,000 per room, Crain’s reported.

    Although Alfa does not plan to change the branding of the 90-room hotel, the company has enlisted Marshall Hotels & Resorts to manage the property. Alfa also plans to upgrade the hotel’s booking software and is considering renovations to the rooms and lobby. [more]

  • Jacobi pays $25M for Soho retail space

    November 08, 2012 09:30AM

    151 Wooster (inset: Matthew Marshall of Marshall Real Estate)

    The retail space at the base of a luxury loft development in Soho has traded for $25 million, the broker handling the transaction told The Real Deal.

    Investor Yaron Jacobi nabbed the basement and first two floors of 151 Wooster, just south of Houston, in an off-market deal, according to Matthew Marshall, of Marshall Real Estate, who brokered the transaction for both seller and buyer. [more]

  • From left: Alfa CEO Michael Namer, the site at 117-119 West 21st Street (credit: PropertyShark) and David Schechtman of Eastern Consolidated

    Alfa Development is in contract to buy a development site in Chelsea for $12 million, pending the approval of bankruptcy court, Crain’s reported. The site is located at 117-119 West 21st Street, between Sixth and Seventh avenues, and used to be a Hershey factory.

    Alfa is now in a “stalking horse” contract to close on the nearly 19,000-square-foot property in an all-cash deal, though a better offer could come at an early November auction sale. As it currently stands, the property is a vacant four-story warehouse and Alfa entered contract in early September. [more]

  • A rendering of Chelsea Green

    The developers of the 51-unit Chelsea Green condominium are scheduled to face off in state Supreme Court on Wednesday with a landlord and professional photographer who claims her five-story property is being damaged by debris from the adjacent construction site.

    Lili Almog, photojournalist and owner of 145 West 21st Street filed suit on Sept. 17 against Alfa Development, alleging that beginning last year, her building’s roof and chimney was hit by debris from demolition work at the site and that the basement — the location of her art studio — has been damaged by mold and leaking water from the site. She is seeking temporary restraining order and more than $4 million in damages. [more]