The Real Deal New York

Posts Tagged ‘lightstone group’

  • 128-130 William Street in the Financial District and Lightstone's David Lichtenstein

    128-130 William Street in the Financial District and Lightstone’s David Lichtenstein

    David Lichtenstein’s Lightstone Group paid $15 million earlier this month to buy air rights for the 50-story mixed-use tower the company is building in the Financial District, property records show.

    Lightstone paid $15.4 million to buy 68,752 square feet of air rights from developer Harold Thurman’s lot at 82 Fulton Street, records filed with the city today show. [more]

  • 128-130 William Street in the Financial District and Lightstone's David Lichtenstein

    128-130 William Street in the Financial District and Lightstone’s David Lichtenstein

    UPDATED, 2:06 p.m., March 24: Lightstone Group filed plans today for a 50-story mixed-use residential and hotel building in the Financial District at 128 William Street.

    The new building, located between John and Fulton streets, will have just under 240,000 square feet of residential space, with 188 apartments, and just over 101,000 square feet of commercial space. It will top out at 581 feet. [more]

  • From left: 1407 Broadway and Doug Shorenstein

    From left: 1407 Broadway and Douglas Shorenstein

    UPDATED, 11:35 a.m., Feb. 20: Shorenstein Realty Services is in contract to pay $330 million for the ground lease at 1407 Broadway, a 1.1 million-square-foot office building in Midtown, sources familiar with the transaction told The Real Deal. [more]

  • David Lichtenstein and the Tel Aviv Stock Exchange

    David Lichtenstein and the Tel Aviv Stock Exchange

    David Lichtenstein’s Lightstone Group raised $120 million on the Israeli bond market, joining other New York developers who have tapped the market to finance local building projects.

    Lighstone Enterprises Limited, a subsidiary of Lightstone, issued the $120 million unsecured corporate bonds on the Tel Aviv Stock Exchange, where the bonds began trading Dec. 8, 2014. [more]

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  • lightstone-suit

    Lightstone’s David Lichtenstein and 485 Seventh Avenue in the Garment District

    The Eretz Group’s Abe Talassazan filed a lawsuit against the Lightstone Group, alleging that he was locked out of his office and synagogue after selling a Garment District office building to the development firm for $182 million. [more]

  • From left Mitchell Hochberg and 485 Seventh Avenue

    From left Mitchell Hochberg and 485 Seventh Avenue

    The Lightstone Group bought a 16-story building at 485 Seventh Avenue for approximately $200 million. [more]

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  • 363_365_Bond_Lightstone

    365 Bond Street in Gowanus, and Lightstone’s David Lichtenstein

    The Lightstone Group picked up a $120 million construction loan for a 12-story apartment complex on the banks of the Gowanus Canal. [more]

  • From left: David Lichtenstein, Carmel's CEO Ron Zeff and 112 Fulton Street

    From left: Lightstone’s David Lichtenstein, Carmel’s CEO Ron Zeff and 112 Fulton Street

    San Francisco-based Carmel Partners officially completed the purchase of a downtown development site for $171 million.

    The transaction, which was first reported by The Real Deal in June, also includes development rights. [more]

  • From left: Steven Witkoff and David Lichtenstein

    From left: Steven Witkoff and David Lichtenstein

    The Witkoff Group’s Steven Witkoff and David Lichtenstein of the Lightstone Group are gearing up to follow Extell’s Gary Barnett by tapping the Israeli capital markets for debt.

    Both developers are reportedly mulling bond offerings expected to generate 500 million shekels, or $141.6 million, each. Should Lichtenstein’s plans move forward, it would mark the eighth such offering by an American property developer on the Israeli market in recent months, according to Haaretz. [more]

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  • The Gowanus Canal might be a superfund site, but developers and tenants are flocking to the neighborhood that bears the old industrial waterway’s name. [more]

  • Carmel-Lightstone

    From left: Ron Zeff, Andrew Scandalios, marketing rendering of Fulton Street, David Lichtenstein and 112-119 Fulton Street

    The San Francisco-based investment and building firm Carmel Partners inked a contract to buy a development site at 112-118 Fulton Street in Lower Manhattan from the Lightstone Group for more than $170 million, several sources told The Real Deal. [more]

  • Renderings of the Chelsea site

    Renderings of the Chelsea site

    WEEKENDEDITION Earlier this week the Lightstone Group pitched a new 25- to 30-story hotel to Manhattan Community Board 5’s Land Use, Housing, & Zoning Committee. However, acquiring the necessary air rights for the project has proven problematic. [more]

  • 1407-bway

    Peter Turchin and 1407 Broadway

    Texas-based marketing platform developer Main Street Hub inked a lease for 13,700 square feet at Lightstone Group’s 1407 Broadway, between 38th and 39th streets.

    The 1.1 million-square-foot, 42-story property, also owned by real estate investment trust Lightstone Value Plus REIT, is being renovated at the moment. The tenant will leave behind 1201 Broadway and head north, occupying the entire 26th floor of 1407 Broadway.  [more]

  • From left: Lightstone Group cheif executive David Lichtenstein and rendering of 112-118 Fulton Street

    David Lichtenstein and 112-118 Fulton Street

    The Lightstone Group is one step closer to erecting its lean 59-story mixed-use tower in the Financial District.

    Demolition of the low-rise apartment buildings at 112-118 Fulton Street is reportedly imminent now that construction fencing and signs are up. Lightstone originally sought to tear down 120 Fulton Street too, but the state denied the developer’s initial bid. [more]

  • A rendering of the retail space at 1407 Broadway

    A rendering of the retail space at 1407 Broadway

    The Lightstone Group has hired retail brokerage Winick Realty Group to market a prospective 22,000-square-foot retail cube at the base of an office tower near Bryant Park, a Winick spokesperson told The Real Deal today. [more]

  • Site of Lightstone's planned Gowanus development at

    363 Bond Street

    Following a three-month pause after a December demolition, the Lightstone Group’s controversial 700-unit rental development along the Gowanus Canal is moving forward.

    The developer filed the first new building application for the project at 363 Bond Street on Feb. 28, which calls for a 12-story building with 268 units. The structure would span 249,571 square feet in total and include a 3,625-square-foot commercial space. [more]

  • Suddenly, developers flocking to Gowanus

    February 06, 2014 12:25PM
    Lightstone CEO David Lichtenstein and a rendering of the Gowanus project at

    Lightstone CEO David Lichtenstein and a rendering of the project at 363-365 Bond Street in Gowanus

    The smelly waters of the Gowanus canal aren’t keeping developers from sniffing out the area’s opportunity. Big-name developers such as the Lightstone Group and Sterling Equities are bringing rental and condo buildings to Gowanus, and investors predict an increase in development activity in the coming years. [more]

  • fulton-lightstone

    From left: Old and new plans for 112-118 Fulton Street, and Lightstone Group’s Mitchell Hochberg

    After the state denied its bid for a 421a tax abatement, Lightstone Group has opted for a leaner look for its mixed-use tower project at 112-118 Fulton Street in the Financial District. [more]

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  • Scott Avram

    Scott Avram

    The Lightstone Group’s latest major hire, Scott Avram, wants to put the company on the map as a homebuilder. The former Toll Brothers executive, who left the Brooklyn-based developer in August after nine years to spearhead Lightstone’s move into new development, said the firm has the appetite and the means to become a force in the world of ground-up construction.

    Working under David Lichtenstein, the founder of Lightstone, and Mitchell Hochberg, the founder of residential developer Spectrum Communities and Lightstone’s president, Avram has begun to assemble a team of executives to seek out ground-up development opportunities in the five boroughs, he told The Real Deal. [more]

  • hochberg

    120 Fulton Street and Mitchell Hochberg

    Lightstone Group’s plans for a mixed-use building at 120 Fulton Street are a bit grander than its current incarnation.

    The developer, which has officially filed a Department of Buildings application outlining its plans, aims to build a 48-story, 452-unit project between Nassau and Dutch streets. [more]


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