The Real Deal New York

Posts Tagged ‘j.d. carlisle development’

  • 160 Madison Avenue in NoMad with J.D. Carlisle CEO Evan Stein (inset)

    160 Madison Avenue in NoMad with J.D. Carlisle CEO Evan Stein (inset)

    Sometimes getting it in writing isn’t enough.

    J.D. Carlisle allegedly promised the former owner of 160 Madison Avenue a commercial condominium in the new 42-story tower it was building on the site, but failed to deliver the goods, a new lawsuit claims. [more]

  • 12-w-55

    Carlisle’s Evan Stein and 12 West 55th Street

    J.D. Carlisle Development filed plans to build a six-story Midtown residential property with a mere four units, rendering each apartment an average of 7,000 square feet.

    The developer’s property at 12-18 West 55th Street, between Fifth and Sixth avenues, has air rights exceeding 100,000 square feet. The new plans would replace earlier ones with a 55-unit, 22-story property on the site of townhouses. Perkins Eastman is serving as the architect of record. Cornerstone Advisers is advising the landlord in developing the site. [more]

  • From left: the site at 158 Madison Avenue and the Sloane Mansion

    Investors are accusing the Manhattan-based investment firm Capstone Business Credit, LLC of spending more than $150 million on failed Manhattan real estate deals. The lawsuit alleges that Capstone told investors at several major hedge funds that their money would not be used for real estate.

    Capstone, led by managing members Joseph Ingrassia and John Rice III, lost a proposed 38-story condominium-hotel site at 158 Madison Avenue to lenders after defaulting on $34 million in loans. The site was sold earlier this year to J.D. Carlisle Development, according to the complaint filed in New York State Supreme Court.  [more]

  • Equity Residential Chairman Sam Zell and the Beatrice

    Sam Zell’s Equity Residential is in contract to purchase the 301-unit Beatrice apartment complex on Sixth Avenue for nearly $250 million, according to Crain’s. The transaction will mark the latest in a series of big apartment deals struck in recent months for record-high prices.

    The Beatrice, completed two years ago by J.D. Carlisle Development, is composed of 28 floors of rental units that sit above the 25-story Eventi Hotel at 835 Sixth Avenue near West 29th Street. The deal comes on the heels of a record quarter for Manhattan apartment trades. [more]

  • From left: J.D. Carlisle Chairman Jules Demchick and a rendering of plans for 158 Madison Avenue

    J.D. Carlisle Development has acquired the second of five parcels it needs to move forward with a planted residential and retail development on Madison Avenue. The Wall Street Journal reported the developer closed on the seven-story building at 166 Madison Avenue — for $8.37 million, public records show — and is in contract to buy 160 Madison Avenue.

    These acquisitions come on top of a March deal for 158 Madison Avenue, first reported by The Real Deal, where the J.D. Carlisle wants to break ground on a rental building by January 2013. [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]