Clockwise from top left: Magnum Real Estate Group President Benjamin Shaoul, Arman (inset), a rendering of 482 Greenwich Street, and Prudential Douglas Elliman’s Leonard SteinbergFor all the unconventional partnerships in real estate, perhaps the most unlikely is an artist and a developer conspiring to build a nine-story condominium at the corner of Greenwich and Canal streets in Tribeca, according to the Wall Street Journal.
The lot at 482 Greenwich Street was owned by the artist Arman, who made a career out of critiquing consumerism by turning the every day items that comprised the city’s grit into an usual structures. Now, his wife has partnered with Magnum Real Estate Group to turn it into a luxurious nine-story, eight-unit, Karl Fischer-designed condo.
Arman purchased the land in the early 1980s along with a five-story loft building into which he moved, predating the artistic community’s shift from Soho…. [more]