The Real Deal New York

Posts Tagged ‘elad group’

  • Sales office lobby model of One West End Avenue (credit: Evan Joseph)

    Model of One West End Avenue lobby (credit: Evan Joseph)

    As of Tuesday, the sales office is up and running at Silverstein Properties’ and Elad Group’s One West End Avenue in Lincoln Square, part of the massive five-building Riverside Center development. [more]

  • From left: Raphael DeNiro, the penthouse at 250 West Street and Elad CEO Udi Erez

    From left: Raphael DeNiro, the penthouse at 250 West Street and Elad CEO Udi Erez

    The sprawling penthouse atop Elad Group’s 250 West Street condo building is in contract for about $30 million – a nearly 30 percent discount from its original asking price, The Real Deal has learned. [more]

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  • From left: Developer Larry Silverstein, a drawing of 1 West End Avenue and a rendering of 10 Freedom Place

    From left: Developer Larry Silverstein, a drawing of 1 West End Avenue and a rendering of 10 Freedom Place

    Silverstein Properties and the Elad Group’s 1 West End Avenue development has taken a lot of heat for its planned “poor door.” Now, the offering plan for the building’s market-rate condos offers a glimpse at how the other half will live. [more]

  • From left: Larry Silverstein and Udi Erez

    From left: Larry Silverstein and Udi Erez of Elad Group

    Silverstein Properties and the Elad Group, developers of the 366-unit residential project at 1 West End Avenue, are seeking $500 million in consortium funds that would likely replace the project’s acquisition and predevelopment financing. [more]

  • 505-513 West 43rd Street

    505-513 West 43rd Street

    The development firm that bought a Far West Side property over a set of train tracks earlier this year is planning to erect a 16-story building that will offer both market-rate and affordable condos.

    The Elad Group, owner of the Plaza Hotel and developer of projects such as the warehouse-to-condo conversion of 250 West Street in Tribeca, is in the beginning stages of seeking city approval for its residential development at 505-513 West 43rd Street. [more]

  • Penthouse at 22 Central Park South

    Penthouse at 22 Central Park South

    Corcoran Group Marketing is taking the marketing reins at Elad Group’s 22 Central Park South, where a $24.9 million penthouse remains up for grabs. [more]

  • bergdorf

    From left: 22 Central Park South and Bergdorf Goodman at 754 Fifth Avenue

    Elad Group is one of many developers eager to appeal to the personal needs of wealthy prospective condominium-unit buyers when determining a particular building’s amenities. The developer teamed up with upscale department store Bergdorf Goodman to provide personal shopping to 22 Central Park South’s residents. [more]

  • peebles-elad

    From left: Don Peebles, 346 Broadway and Udi Erez

    The Peebles Corporation has enlisted Elad Group as a partner in acquiring a landmarked 400,000-square-foot building at 346 Broadway — also known as 108 Leonard Street — in Tribeca for $160 million. The developers closed on the deal today, Peebles Corporation said.

    The city selected Miami developer Don Peebles’ company in March to reposition the 13-story building, which currently houses the New York City Criminal Court. [more]

  • 22-cps

    22 Central Park South and Lisa Lippman

    Nearly half of the units at Elad Group’s luxury condominium 22 Central Park South are now up for grabs. Condos now available include the 2,943-square-foot duplex penthouse, which is asking $26.5 million, and two 2,021-square-foot units on the second and fifth floors. [more]

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  • The Plaza Hotel and Subrata Roy of Sahara

    The Plaza Hotel and Subrata Roy of Sahara

    India-based Sahara Group is trying to unload the iconic Plaza Hotel along with the Dream Downtown Hotel in Manhattan and Grosvenor House in London, and has received a $1.6 billion offer from a Middle Eastern group for the luxury hotel trio. [more]

  • From left: Larry Silverstein and Udi Erez

    From left: Larry Silverstein and Udi Erez

    The Elad Group will partner with Larry Silverstein’s Silverstein Properties on a mixed-use development on the Upper West Side. The pair is in contract to buy a parcel at Riverside South from the Carlyle Group that boasts 950,000 buildable square feet for $160 million, a source told The Real Deal. [more]

  • 22 Central Park South (center) and Lisa Lippman

    22 Central Park South (center) and Lisa Lippman

    The Elad Group has launched sales at luxury condominium 22 Central Park South, which boasts six full-floor apartments and a duplex penthouse and is located next door to the iconic Plaza Hotel, the developer announced in a release yesterday.

    The six 2,021-square-foot residences have two bedrooms and two-and-a-half bathrooms each and start at $6.7 million, according to the release. [more]

  • Chagit Sofiev-Leviev and Tom Elliott

    Chagit Sofiev-Leviev and Tom Elliott

    From the September issue: Tom Elliott has left his post as senior vice president of sales at the Elad Group to take on independent consulting projects. “Once you are a more established company,” he told The Real Deal, “there is less of an entrepreneurial bent. I am looking for my next big adventure.”

    Chagit Sofiev-Leviev, daughter of Africa Israel CEO Lev Leviev, has been tapped to head the company’s U.S. arm, succeeding CEO Tamir Kazaz. [more]

  • From left: current Elad CEO Udi Erez, the exterior and interior of 250 West Street

    From left: current Elad CEO Udi Erez, the exterior and interior of 250 West Street

    Elad Group, the developer behind one of New York City’s most talked about – and most fraught — projects of the last decade, the conversion of the Plaza hotel, has lost another executive, prompting some to wonder what the Israel-based firm is up to these days. [more]

  • Franklin-Place-Exterior-sm

    Franklin Place

    The three remaining unlisted condominiums at the Elad Group’s Franklin Place in Tribeca hit the market today, a spokesperson told The Real Deal exclusively. [more]

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  • Franklin-Place-tribeca

    Rendering of Franklin Place in Tribeca

    Franklin Place in Tribeca, once named 5 Franklin Place, has launched sales, Curbed reported. The developer, the Elad Group, has listed 10 of the 54 condominiums in the 20-story building on StreetEasy. The homes range from a studio for $950,000 to a four-bedroom for $7.5 million. Two penthouses are listed for $6 million and $7 million. [more]

  • From left: Eran Chen and the original rendering of 5 Franklin Place

    The Elad Group, the new owner of the long-stalled 5 Franklin Place in Tribeca, has selected Eran Chen of ODA Architecture to complete the development, known as Franklin Place, Crain’s reported. The building is located at 371 Broadway — a section of Broadway that is not landmarked, meaning that the new development can stand up to 20 stories, which is enough for 53 condominium units.

    “That section of Broadway, just south of Canal, is a natural extension of Soho; it’s very lofty, but it has that luxury feel of Tribeca,” Chen told Crain’s. [more]

  • Plaza Food Hall and Elad Group CEO Udi Erez

    The former manager of the popular Plaza Food Hall by Todd English in the basement of the Plaza hotel says that the building’s majority owner, the Elad Group, owes it $3.8 million.

    Brian Crawford, through his company TE Food Hall, filed the lawsuit yesterday in New York State Supreme Court, alleging that Elad ended the contract earlier this year, yet still uses the Todd English name and Crawford’s credit. The agreement was severed in preparation for Elad’s planned sale of its 60 percent interest in the property to the India-based Sahara Group for $400 million.  [more]

  • Elad exec follows Naftali to new group

    September 04, 2012 06:00PM

    Yosi Manor

    An Elad Group executive has left the international firm to join Miki Naftali’s new New York-based venture.

    Yosi Manor, the former president and CEO of Elad National Properties, the Elad Group’s investment arm focusing on the Southeastern United States has assumed the role of chief financial officer and managing member of the Naftali Group, the firm told The Real Deal. Manor had served as president of Elad National (formerly known as Elad Group Florida) for seven years and managed a $1.2 billion portfolio that included more than 12,000 multi-family units. He started with Naftali Group today. [more]

  • 22 Central Park South

    The Elad Group is pushing to gain Landmarks Preservation Commission approval for a significant renovation to the Plaza’s next-door neighbor, according to Curbed. The developer, which is in talks to sell its stake in the Plaza, will present a new plan this week for the slim seven-story building just west of the famed hotel, at 22 Central Park South.

    It has commissioned Goldstein Hill & West Architects to transform the building’s facade to lend it a more modern feel. Curbed said the plans involve replacing bricks with limestone, removing fire escapes and installing Juliet balconies while adding two floors to the top of the property. [more]