The Real Deal New York

Posts Tagged ‘morris moinian’

  • 1150 Sixth Avenue

    Renderings for 1150 Sixth Avenue

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

  • 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]

  • Ofer Yardeni and 364 West 18th Street (building credit: PropertyShark)

    Ofer Yardeni’s Stonehenge Partners has terminated the leases for six small businesses that operate in retail storefronts at the base of a Chelsea apartment building it acquired last year, according to DNAinfo. A Moneygram check cashier, New China restaurant and a bodega have all recently closed their businesses along Ninth Avenue between West 17th and West 18th streets, and New Barber Shop, Velazquez & Tamara Dry Cleaners and a deli have to vacate their stores by the end of the month. [more]

  • From left: Morris Moinian and 1150 Sixth Avenue

    Morris Moinian paid $39 million for the Pan American Magazine Building on Sixth Avenue and will close on the deal today, according to the New York Post. Moinian’s acquisition of the property was previously reported but the price, and his plans, were not known.

    The Post reported he will demolish the eight-story structure, at 1150 Sixth Avenue between 44th and 45th streets, and has approval to replace it with a $140 million tower with 35 to 40 stories and 140,000 square feet. [more]

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    From left: Morris Moinian and 1150 Sixth Avenue (building credit: PropertyShark)
    Morris Moinian has purchased the Pan American Magazine Building in Midtown and plans to develop a major hotel or office building at the site, the Wall Street Journal reported.

    Moinian would not disclose the price he paid for 1150 Sixth Avenue in the off-market transaction, but said he plans a $140 million development of 140,000 square feet with a significant retail component. Moinian, the younger brother of Joseph, said the rare opportunity to acquire property along Sixth Avenue in Midtown drew him to the acquisition. … [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 and 364 West 18th Street

    Morris Moinian has put a six-story residential building at 364 West 18th Street on the market with an asking price of $36 million through Eastern Consolidated, Crain’s reported. “It’s a property that doesn’t fit his portfolio,” said Azita Aghravi of Eastern Consolidated, who is leading the marketing team with Brian Ezratty and Paul Nigido. “He’s more of a hotel owner.” Moinian, the brother of developer Joseph Moinian, also owns Chelsea’s Hotel Indigo on West 28th Street. … [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]


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