The Real Deal New York

Posts Tagged ‘Steve Witkoff’

  • witkoff

    From left: A rendering of the $35 million penthouse at 10 Madison Square West (Credit: Rode) and Steve Witkoff

    Why settle for just one ostentatious penthouse when, with a little creativity, you could easily have another? Steven Witkoff’s 10 Madison Square West is combining two apartments to create a full-floor apartment on the 22nd floor, which will hit the market today asking $35 million. [more]

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  • Steve Witkoff

    Steve Witkoff

    Developer Steven Witkoff said when he started out back in the 1980s, he learned to use a gun — which he sometimes carried in his gym bag.

    “They were very difficult days up there, and I had a lot of scares,” he recalled. “We owned a building on 143th and Broadway and it was a very, very rough neighborhood in those days, tremendous heroin dealing and cocaine dealing, and multiple times we were in situations where we heard gunshots or we were inside a building and we were threatened.” [more]

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  • From left: rendering of 626 First Avenue and Michael Stern

    From left: rendering of 626 First Avenue and Michael Stern

    A spokesman for JDS Development has rubbished an allegation that a crane on the site of Michael Stern’s 616 First Avenue development punched a hole in an adjacent school. The Real Deal reported the allegation, which was cited in a complaint filed with the Department of Buildings, yesterday. [more]

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  • From left: Ian Schrager and the interior of his Public hotel in Chicago

    From left: Ian Schrager and the interior of his Public hotel in Chicago

    While bringing a pair of Marriott Edition hotels to Manhattan, hotelier Ian Schrager was working on a project of his own. [more]

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  • From left: Steve Witcoff, view from a kiteboard, Billy Macklowe

    From left: Steve Witkoff, view from a kiteboard, Billy Macklowe

    Instead of bragging about their latest developments at industry events, real estate executives lately are wrapped up in conversations over their adventurous lifestyle. [more]

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  • Witkoff: the savvy strategist

    January 13, 2014 10:30AM
    Steve Witkoff

    Steve Witkoff

    From the January issue: It was the kind of chance encounter Steven Witkoff could only have dreamt about back when he was a young attorney pulling 90-hour workweeks at Dreyer & Traub in the late 1970s.

    Back then, the firm’s swashbuckling clients included Peter Kalikow, Donald Trump, Arthur Cohen, and — the standout in Witkoff’s eyes — Howard Lorber, who cruised around in a cream-colored Rolls Royce convertible with the top down smoking a cigar. [more]

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  • hoffman-auto-showroom-1955-Esto

    Hoffman Auto Showroom at 430 Park Avenue in 1955 (Credit: Esto)

    year_in_review The conclusion of another year marks the loss of the latest batch of landmarked buildings and longstanding, lived-in real estate in the New York City area. Some owners caved to the pressures of widespread redevelopment — and others found their properties literally caving. Read on for a look back at some of the sites that have disappeared — or are set to vanish. [more]

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  • 150-charles

    150 Charles rendering and Steve Witkoff

    A year after 11 West Village residents filed a lawsuit over alleged zoning improprieties to halt the construction of 150 Charles Street, more are joining the protest, though this time they are adopting a different legal strategy. Author Jean-Louis Bourgeois plans to file a lawsuit alleging that the 98-spot parking lot at the Witkoff Group’s 15-story condominium conversion violates the federal Clean Air Act. [more]

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  • Steve Witkoff and 10 Madison Square West

    Steve Witkoff and 10 Madison Square West

    Under a month after the Witkoff Group’s condominium conversion project at 10 Madison Square West launched sales, nearly 60 percent of its 125 units are already in contract, illustrating the frenzied demand for high-end residential properties, the Wall Street Journal reported.

    “If you get lucky, a market makes you look smarter than you are,” developer Steven Witkoff told the Journal. Though Witkoff expected strong sales, the demand has well surpassed his expectations when he bought the property in 2011, he added. [more]

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  • Steven Witkoff and the Park Lane Hotel

    Steven Witkoff and the Park Lane Hotel

    A partnership led by Steven Witkoff’s Witkoff Group has reached an agreement with the estate of Leona Helmsley to buy the Park Lane Hotel on Central Park South for north of $650 million, the Wall Street Journal reported. [more]

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  • From left: Douglas Elliman Chairman Howard Lorber and the Witkoff Group's Steve Witkoff (Credit: Katherine Clarke)

    From left: Douglas Elliman Chairman Howard Lorber and the Witkoff Group’s Steve Witkoff (Credit: Katherine Clarke)

    Douglas Elliman heavyweights, including Chairman Howard Lorber, CEO Dottie Herman and an array of the firm’s top producing brokers, gathered last night to celebrate the launch of 10 Madison Square West in style. More than 100 guests flocked to a cordoned-off section of Madison Square Park — which developer the Witkoff Group had rented out for the event — to sip lemonade- thyme cocktails and nibble on tiny lobster rolls and salted caramel tartlets.Click here to see the photos and more.

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  • Steve Witkoff and 10 Madison Square West

    Steve Witkoff and 10 Madison Square West

    The Witkoff Group will shell out $300 million on its 10 Madison Square West condominium conversion project, the New York Times reported.

    The developer paid $190 million at auction in 2011 for the 16-story 380,000-square-foot building at 1107 Broadway that was once part of the International Toy Center, CEO Steven Witkoff told the Times. The property will be converted into 125 luxury condominiums. [more]

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  • From left: Steve Witkoff, Anatoly Golubchik, Helly Nahmad and Vadim Trincher

    Updated at 6:21 p.m.: Real estate mogul Steve Witkoff, whose company is behind glitzy new condos at 10 Madison Park and 150 Charles Street, has a reputation for not being shy about betting the rent in his business ventures. And now there’s evidence that he’s a bit of a risk-taker in his personal life, too. [more]

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  • Steve Witkoff and 10 Madison Square West

    The first rendering of 10 Madison Square West, the condominium development planned for a portion of the Toy Building in the Flatiron District, has been revealed, Curbed reported. The reveal comes about a month after the new development launched a teaser website and posted building signage.

    The 125-unit condo, which has a mix of one- to five-bedroom units, anticipates an official sales launch late this spring, as previously reported. [more]

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  • 10 Madison Square West

    UPDATED, 4:57 p.m., Mar. 18: The former Toy Building, at 10 Madison Square West in the Flatiron District, has unveiled a teaser website and building signage in anticipation of an official sales launch in late spring, according to a spokesperson for the project. [more]

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  • Steve Witkoff

    There’s a Marriott Edition hotel, a boutique outfit that Marriott International launched in 2007, being planned for Times Square — at 47th Street and Seventh Avenue, the Wall Street Journal reported. The project will be a 36-story hotel and retail development. The brand has reportedly struck a tentative agreement with a development group including Steven Witkoff and Mark Siffin, who are investors, and Winthrop Realty Trust to brand and operate the property. [more]

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  • From left: Steven Witkoff and 150 Charles Street in June

    The stalled 150 Charles Street condominium has received a $230 million construction loan from Wells Fargo and M&T Bank, an indicator that city condo construction could be making a comeback, according to the Wall Street Journal. The Witkoff Group, the developer, will invest $140 million into the 91-unit project. [more]

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  • From left: Steve Witkoff, Ruby Schron and the Woolworth building

    An Israeli investor has signed a contract to buy the top 25 floors of the Woolworth building for about $70 million, Crain’s reported. The deal comes six weeks after reports first emerged that Steve Witkoff’s Witkoff Group and Ruby Schron’s Cammeby’s International were considering a sale of the upper portion of the property, which has remained vacant for years in advance of a residential or hotel conversion.  [more]

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  • From left: Steve Witkoff, Ruby Schron and the Woolworth building

    The Witkoff Group and Cammeby’s International partnership that owns the historic Woolworth building is in talks to sell the property for as much as $500 million, the New York Post reported. Steve Witkoff and Ruby Schron’s companies joined forces to purchase the 59-story, 935,633-square-foot building, at 233 Broadway near Barclay Street, for $137.5 million in 1998. [more]

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  • Witkoff closes on 1107 Broadway for $191M

    September 28, 2011 02:10PM

    From left: Steve Witkoff, founder of the Witkoff Group, 1107 Broadway, Yitzhak Tessler of Tessler Developments and Eastdil Secured’s Adam Spies and Douglas Harmon

    Steve Witkoff’s Witkoff Group has completed its purchase of part of the former International Toy Center building from Lehman Brothers Holdings for $191 million, Lehman announced yesterday, following a bankruptcy auction by Eastdil Secured in June. Witkoff is planning a $290 million condominium conversion of the property, at 1107 Broadway, featuring 145 units, in collaboration with a Morgan Stanley real estate fund.

    Eastdil Secured brokers Adam Spies and Doug Harmon represented the seller in the deal, and brought the buyer and seller together.

    The closing of the 16-story office building follows the sale of 200 Fifth Avenue earlier this month, which was previously the main Toy Center building, for $726 million. … [more]

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