The Real Deal New York

Posts Tagged ‘craig wood’

  • Real estate investment firm Cape Advisors and the Deutsche Bank Commercial Real Estate Group announced the closing of a $60 million investment to fully fund the development and rehabilitation of their long-stalled condo project in Sag Harbor, N.Y., today.

    The developers of the planned $100 million, 65-unit luxury apartment building at the old Bulova Watchcase Factory at Church and Division streets, will now be able to move ahead.

    “We are extremely pleased that in these difficult economic times we were able to partner with Deutsche Bank in moving forward with this exciting project,” said Craig Wood, co-managing partner of Cape Advisors. “This fall, over 30 years after the Bulova Watchcase Factory closed, we will begin construction to restore this historic building and fully integrate it into the fabric of the Sag Harbor community.” – Katherine Clarke[more]

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  • A Sag Harbor luxury condominium project approved after two years of deliberation in 2008, but then subject to lawsuits over the approval and the global recession, is showing signs of life, the Sag Harbor Express reported.

    Cape Advisors, the developers of a planned $100 million, 65-unit luxury apartment building at the old Bulova Watchcase Factory at Church and Division streets, along with seven adjacent townhouses that contain 16 units total, a pool, a recreation center and underground parking, met with the Sag Harbor Village Planning Board this week to push the project forward.
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