The Real Deal New York

Posts Tagged ‘brack capital’

  • isaachera627greenwich

    From left: Isaac Hera and 627 Greenwich

    A Greenwich Village condo conversion that stalled during the recession is coming back to life as a collection of 29 luxury residences.

    90 Morton Street, also known as 627 Greenwich Street, will be offered for just over $326 million, according to a summary of a condo offering plan filed with the New York Attorney General’s office. In addition to apartments, the building will house three commercial units. [more]

  • The Greystone at 212 West 91st Street and Aaron Jungreis

    The Greystone at 212 West 91st Street and Aaron Jungreis

    Brack Capital Real Estate has sold the Greystone, a 362-unit Upper West Side rental building, for $139.1 million, the company said. The buyer of the building at 212 West 91st Street was Acuity Capital Partners, according to a release from Brack. [more]

  • Isaac Hera and the James Hotel

    Updated at 6:20 p.m.: The James Hotel, a 70,000-square-foot property at 27 Grand Street in Soho, has traded for close to $85 million, according to its former owner Brack Capital Real Estate. [more]

  • Just days after Brack Capital announced its intentions to bring a Hotel Indigo to the Lower East Side, word leaks that the firm’s other large Lower East Side parcel will be home to a 96,000-square-foot CitizenM hotel. Curbed reported that the site, 185-191 Bowery near Delancey Street, will be home to 315 “affordable” but “luxurious” rooms with wall-to-wall windows, LCD flatscreens, rainshowers and room lights that can change colors. According to Brack’s website, construction at the Bowery location is set to begin sometime before the summer. [Curbed]

  • Brack Capital Real Estate, the developer behind the James New York, the Olcott and 15 Union Square West, has just acquired the development site for its latest Manhattan project: a 290-room Hotel Indigo at 180 Orchard Street. The Lower East Side project, a joint venture with InterContinental Hotels Group, will also include retail and parking when it opens in 2013. BCRE and IHG paid $46 million for the site in an all-equity transaction, the partners announced today. Among the property’s planned features: a restaurant, bar, fitness center and outdoor pool. TRD[more]

  • Last week, back when it wasn’t raining non-stop in New York City, the real estate industry convened in 15 Union Square West’s Penthouse 11 for an art, architecture and design showcase, “TENTOONSTELLING,” by the Going Dutch Foundation. The event, hosted by Avenue magazine, developer Brack Capital Real Estate and building marketing team Brown Harris Stevens Select, was put on in conjunction with the 23rd annual International Contemporary Furniture Fair. In addition to the collection of Dutch artwork, design pieces and architecture models on display, the penthouse itself, designed by Vincente Wolf, was officially unveiled. The three-bedroom, three-and-a-half-bathroom spread is on the market for $10.7 million. Check out photos from the event in the slide show above. TRD


  • 15 Union Square West, and CBRE’s Bill Shanahan and Darcy Stacom
    Brack Capital Real Estate USA has sold the retail portion of its residential development at 15 Union Square West in New York City to the State Teachers Retirement System of Ohio, or STRS, for $57.88 million, the company announced today. The retail space consists of four retail stores on the first, mezzanine and cellar floors of the building, totaling 14,494 square feet. Three of the spaces are currently leased — one to HSBC Bank, one to Lululemon Athletica, and another to Sketchers. TRD[more]

  • Brack Capital announces Times Square hotel

    November 12, 2010 02:30PM

    218-222 West 50th Street

    Brack Capital Real Estate has joined a European hotel partner to develop a 78,000-square-foot hotel at 218-222 West 50th Street in Times Square, the company announced today. Sidney Rosenthal of Grubb & Ellis represented both the buyer and the seller. “This acquisition is unique, as this $50 million development project will be built and all funds are already in place for its completion within two years,” said Issac Hera, CEO of Brack Capital. Plans for the site — which is currently a multi-story parking facility — have not yet been announced. TRD[more]