The Real Deal New York

Posts Tagged ‘fortuna realty group’

  • Top permits

    Clockwise from the top left: Morris Moinian, a rendering of the West Farms redevelopment in the South Bronx, Mark Stagg and Barnard College’s new teaching and learning center at 32 Claremont Avenue in Morningside Heights (credit: SOM)

    It’s still a long way to Mayor Bill de Blasio’s goal of creating or preserving 200,000 affordable housing units by 2025, but the city’s developers did their part in October. Affordable housing projects dominated last month’s largest permits, with Monadnock Construction’s 1903 West Farms Road in the Bronx and a city project developed by Acacia Networks at 413 East 120th Street in East Harlem leading the way.

    Another theme this month was relatively low-rise structures. Just one of the top 10 projects is planned to stand taller than 20 stories, Fortuna Realty’s future hotel at 1150 Sixth Avenue in Midtown. Total floor space at the projects was still high however, with all 10 permits clearing 100,000 square feet. [more]

  • Midtown-Roof-Collapse

    Collapse at 25 West 38th Street (credit: Ray Hennessey via Twitter @Hennesseyedit)

    First published 11:27 a.m.: A demolition worker was killed Friday morning after the ceiling collapsed at a Midtown building under construction, according to news reports. [more]

  • 1150 Sixth Avenue

    Renderings of 1150 Sixth Avenue (credit: Fortuna) (inset, from left: Morris Moinian and Ismael Leyva)

    Developer Morris Moinian’s Fortuna Realty Group officially filed plans Thursday for his Ismael Leyva-designed hotel at 1150 Sixth Avenue in Midtown with a few slight revisions to the project’s size and scale. [more]

  • Morris Moinian hotel

    Morris Moinian and renderings of 25-27 West 38th Street

    Morris Moinian’s Fortuna Realty Group has partnered with Starwood Hotels & Resorts to develop its latest hotel project in the Garment District. [more]

  • Morris Moinian

    From left: Morris Moinian and Ismael Leyva

    Morris Moinian’s Fortuna Realty Group has selected Ismael Leyva Architects to design its new Midtown hotel at 1150 Sixth Avenue.

    The 40-story, 300-key hotel, which has yet to be named, will total 162,000 square feet and include penthouse and lower-tower suites with “expansive” rear terraces, Fortuna announced Monday. [more]

  • 1150 Sixth Avenue

    Renderings for 1150 Sixth Avenue

    A first glimpse of Morris Moinian’s Midtown development is now available. [more]

  • 525 Greenwich Streeet's exterior and ground-floor lobby

    525 Greenwich Streeet’s exterior and ground-floor lobby (Credit: Curbed)

    Fortuna Realty Group’s Morris Moinian, in partnership with developer Matthew Moinian, will open the 122-key Hotel Hugo on April 1. [more]

  • fortuna

    From left: Morris Moinian, 24-28 West 39th Street and Robert Shapiro

    Developer Fortuna Realty Group bought two Midtown West buildings totaling 30,000 square feet for $18.3 million in an off-market deal, according to property records filed with the city today. [more]

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  • hotel-hugo

    From left: Rendering of Hotel Hugo at 525 Greenwich Street, Morris Moinian and initial rendering

    Fortuna Realty Group and hotelier Matthew Moinian’s Hudson Square hotel project has changed its name to Hotel Hugo from Soho Hotel. [more]

  • 76-80-meserole-street

    76-80 Meserole Street (Inset: David Schechtman)

    Shifra Hager’s Cornell Realty Management is asking $38.5 million for a 61,000-square-foot Williamsburg multi-family rental building. [more]

  • Morris Moinian and Havana Restaurant at 27 West 38th Street

    Morris Moinian and Havana Restaurant at 27 West 38th Street

    Developer Morris Moinian’s plans to raze two mid-rise buildings south of Bryant Park to make way for a 175-room hotel have hit a snag. The restaurant tenant in one of the buildings allegedly won’t vacate the premises. [more]

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  • The Garden City Hotel and Morris Moinian

    Morris Moinian’s Fortuna Realty Group has signed a contract to purchase Long Island’s iconic Garden City Hotel, Long Island Business News reported. The hotel’s owners, the Nelkin family, said they expect the sale to close within 90 days, according to a statement released by Patrick Smalley, the hotel’s managing director. The selling price has not been disclosed and Fortuna President Morris Moinian is brokering the deal in-house. [more]


  • From left: Morris Moinian of Fortuna Realty Group and a rendering of the Soho hotel at 525 Greenwich Street

    Developer Morris Moinian of Fortuna Realty Group is partnering with his 28-year-old nephew and son of developer Joseph Moinain, Matthew Moinian, to transform a vacant lot at 525 Greenwich Street in Soho into a $60 million hotel, he told The Real Deal today. Construction will begin on the project before the end of the year, he said.

    Matthew, who recently graduated from law school, has not joined the family business but is rather investing in the project as an individual.

    Fortuna, which bought the former parking garage site for $12.75 million at auction earlier this year, is in negotiations with various management systems to operate the hotel, Morris said, including the InterContinental brand, which operates Fortuna’s Hotel Indigo in Chelsea.  … [more]


  • Morris Moinian at The Real Deal’s offices

    Hotel Indigo, the colorful 122-room newcomer to the Chelsea scene, may soon get a trio of siblings to the north, south and east.

    Hotel owner Morris Moinian, 48 — not to be confused with his older real estate developer brother, Joseph, 55 — unveiled the newly-constructed 127 West 28th Street hotel, part of the InterContinental brand, in October, and is now plotting three more Indigo-franchised hotels in Manhattan over the next three to four years, he told The Real Deal yesterday in an in-office interview.

    Moinian is president and founder of Fortuna Realty Group, the private real estate company that developed the Dylan Hotel (sold to the HOTUSA Group and Losan Hotels World for $78 million in 2007) and has holdings in New York City, Florida, California and the Caribbean. The Iranian developer said he’s eyeing Tribeca-Soho, the Upper East Side, and Midtown, near Grand Central Terminal, for Indigo’s next landing spots. Ideally, the hotels will be built from the ground up, with 100 to 150 units apiece, he said. … [more]