The Real Deal New York

Posts Tagged ‘sharif el gamal’

  • From left: 529 West 158th Street, Sharif El-Gamal and 508-512 West 158th Street

    From left: 529 West 158th Street, Sharif El-Gamal and 508-512 West 158th Street

    Springhouse Partners purchased six properties in Upper Manhattan for a combined $25 million, The Real Deal  has learned. [more]

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  • Permits-Collage

    Clockwise from left: A rendering of 10 Riverside Boulevard, 29-37 41st Avenue, Sharif El-Gamal, Metin Negrin and 75 Nassau Street

    If the top 10 biggest new real estate projects are any indication, New York City’s skyline is set to be inundated with a new crop of tall buildings.

    In total, the top permit applications filed with the city’s Department of Buildings in March account for 2,630 units in Manhattan, Brooklyn, Queens and the Bronx. These projects and more after the jump

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  • Sharif El-Gamal and 69 Leonard Street

    Sharif El-Gamal and 69 Leonard Street

    Developer Sharif El-Gamal is accused of illegally renting a Tribeca gallery for months. The landlord alleges that El-Gamal racked up safety violations from the city and caused at least one resident to leave. [more]

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  • From left: Sharif El-Gamal, 205 West 40th Street and the Dream Hotel Downtown

    From left: Sharif El-Gamal, 560 Seventh Avenue and the Dream Hotel Downtown

    Sharif El-Gamal, MHP Real Estate Services and Hampshire Hotels Management, the developers of the Dream Hotel near Time Square, are planning on buying air rights from an untapped property in the Theater District that would ramp up the project’s total density by about 20 percent. [more]

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  • From left: John Lam, Sharif El-Gamal (Credit: Williams New York) and the 25th Street portion of the site

    From left: John Lam, Sharif El-Gamal (Credit: Williams New York) and the 25th Street portion of the site

    Sharif El-Gamal’s Soho Properties is in contract to buy a Chelsea development site at 113-117 West 24th Street for $60 million, The Real Deal has learned. The deal will allow El-Gamal to build a commercial project of about 125,000 square feet. [more]

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  • Hundreds of people attended Madison Realty Capital's party late last week

    Hundreds of people attended Madison Realty Capital’s party late last week (Credit: Tobias Truvillion)

    The line to get into the Boom Boom Room and Le Bain — the swanky and exclusive nightclubs located on the top floor of the Standard Hotel in the Meatpacking District — is usually full of high-heeled women and well-coiffed men who are convincing the bouncer that they are worthy of getting in.

    On a recent Thursday, however, no such line could be found on Washington and Little West 12th streets. A simple “I’m here for the Madison party,” got the visitors, some of the city’s top real estate professionals, no matter what shoes they were wearing, in (although most of the footwear was certainly up to snuff). See the photos and more after the jump.

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  • From left: Josh Zegen, Sharif El-Gamal and Jean Nouvel

    From left: Josh Zegen, Sharif El-Gamal (Credit: Williams New York) and Jean Nouvel

    Sharif El-Gamal secured $33 million in financing for his Park Place condominium and Islamic museum project, The Real Deal has learned. Madison Realty Capital provided the loan, which El-Gamal will use to finalize the $10.7 million fee interest acquisition of 49-51 Park Place and fund predevelopment costs for the 120,000-square-foot residential condo project at 45 Park Place. [more]

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  • From left: Sharif El-Gamal, 51 Park Place and Con Edison CEO John McAvoy

    From left: Sharif El-Gamal, 51 Park Place and Con Edison CEO John McAvoy

    Con Edison’s sale of a former Downtown substation to Sharif El-Gamal of Soho Properties will net the utility company about $5.5 million.  [more]

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  • Sharif El-Gamal

    Sharif El-Gamal (Credit: Williams New York)

    From the August issue: In 2010, developer Sharif El-Gamal sparked a national firestorm when he announced plans to build Park51, a 15-story Islamic cultural center at 51 Park Place. His critics famously (or infamously) dubbed the project the “Ground Zero mosque” because of its close proximity to the site of the September 11 attacks, and El-Gamal became a bulls-eye for anti-Muslim backlash. [more]

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  • From left: Sharif El-Gamal, 51 Park Place (center) and Jean Nouvel

    From left: Sharif El-Gamal, 51 Park Place (center) and Jean Nouvel

    Sharif El-Gamal now has full control over the site of his upcoming Islamic museum at 49-51 Park Place, The Real Deal has learned. El-Gamal’s Soho Properties, which had a long-term ground lease with Consolidated Edison for the Lower Manhattan site, just closed on the fee interest for $10.7 million. [more]

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  • From left: Sharif El-Gamal, 205 West 40th Street and the Dream Hotel Downtown

    From left: Sharif El-Gamal, 205 West 40th Street and the Dream Hotel’s Downtown flagship

    Sharif El-Gamal has tapped New York-based architecture and design firm Stonehill & Taylor to guide the developer’s planned 120,000-square-foot Dream Hotel and retail center in the Garment District. [more]

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  • Sharif El-Gamal and 45 Park Place

    Sharif El-Gamal and 45 Park Place

    Sharif El-Gamal’s Soho Properties is filing plans today to begin work on a new condominium tower at 45 Park Place, the developer announced today. The as-of-right tower will rise to a height of 619 feet and is being designed by Michel Abboud of SOMA Architects. [more]

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  • From left: Sharif El-Gamal and 45 and 51 Park Place

    From left: Sharif El-Gamal and 45 and 51 Park Place

    Developer Sharif El-Gamal has filed plans to level two low-rise structures at the site of the long-stalled Park51 development, described by critics as the “Ground Zero mosque.” [more]

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  • From left: Sharif El-Gamal and 51 Park Place

    WEEKENDEDITION Sharif El-Gamal, the developer behind the controversial “Ground Zero mosque,” is facing criticism for charging his own nonprofit rent. [more]

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  • sharif-al-gamal

    Sharif El-Gamal and 205 West 40th Street

    Sharif El-Gamal, developer of Park51, is in contract to buy the Garment Center Synagogue in the hopes of tearing down and building a high-rise with a new synagogue, hotel and retail center.

    El-Gamal teamed up with Murray Hill Properties to redevelop 205 West 40th Street near Seventh Avenue. The New School for Design is expected to officially sell off the site for $61.5 million by March. [more]

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  • From left: Sharif El-Gamal and 51 Park Place

    Developer Sharif El-Gamal appears to be considering a residential condominium development on the site of the stalled Park 51 project, also known as the “ground zero mosque.” El-Gamal has approached multiple brokers in Manhattan seeking advice on how to build and market condos at the site, sources told The Real Deal. [more]

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  • Sharif El-Gamal

    Sharif El-Gamal, developer of Park51, the project dubbed the “ground zero mosque,” has acquired the building next door to the controversial stalled project, DNAinfo reported.

    With the purchase of 43 Park Place for $8 million in January, El-Gamal now controls three adjacent properties on the street. He owns 45-47 Park Place and leases 51 Park Place from ConEdison. The 45-47 and 51 parcels comprise the planned Park51 project. [more]

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  • From left: Sharif El-Gamal and 31 West 27th Street (credit:PropertyShark)

    The San Francisco-based Walnut Hill Group has purchased Sharif El-Gamal’s 12-story Chelsea office building at 31 West 27th Street.

    It was the second purchase by Walnut Hill in Manhattan. In February 2011, the company acquired the Holiday Inn Express hotel building at 15 West 45th Street in Times Square, in a joint venture with minority partner Magna Hospitality Group. [more]

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  • From left: Sharif El-Gamal and a rendering of Park51

    A New York State Supreme Court judge has sided with Con Edison in its ongoing rent dispute with the developer of the controversial Park51 Islamic cultural and community center in Lower Manhattan, the New York Post reported.

    Con Ed argued that it is owed $1.7 million in back rent and $47,437 a month in rent for the land, where it leases a substation to Sharif El-Gamal, the Park51 developer, at 45-47 Park Place. However, El-Gamal said he owes just $881,519 in back rent and $25,875 a month going forward. The judge sided with Con Ed in the June ruling, the Post said. [more]

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  • From left: Former firefighter Timothy Brown, his attorney Brett Joshpe, Soho Properties developer Sharif El-Gamal and his attorney Adam Leitman Bailey

    Retired New York City firefighter Timothy Brown has withdrawn his appeal of a Supreme Court decision preventing him from taking action to prevent construction of Soho Properties’ proposed Islamic mosque and community center in Lower Manhattan, The Real Deal has learned. [more]

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