From left: Fredrik Eklund, John Gomes and a 250 Bowery interior

A penthouse at 250 Bowery, the 24-unit condominium project developed by VE Equities and designed by Morris Adjmi, is in contract for $2,500 per square foot, The Real Deal has learned. Douglas Elliman’s Fredrik Eklund, who is handling sales at the building with his colleague John Gomes, uploaded an Instagram photo of the apartment yesterday, noting that the contract price is a price-per-square-foot record “for the area,” meaning the Bowery. [more]

The exterior and interior of 250 Bowery

Units at 250 Bowery, the eight-story black metal and glass condo being developed by VE Equities, have finally come online, but prospective buyers enticed by virtually staged snaps of the building’s modern interiors may be out of luck. A number of the property’s 24 units are already spoken for, VE co-founder Zach Vella told The Real Deal, thanks to a quiet pre-launch marketing push by Douglas Elliman brokers Fredrik Eklund and John Gomes. [more]

A rendering of the development at 11 North Moore Street

VE Equities, which yesterday announced a new residential development at 290 West Street, is preparing to break ground on yet another project in its favorite neighborhood, Tribeca.

VE, headed by Zach Vella and Justin Ehrlich, said construction will begin on a new, 20-unit condominium at 11 North Moore Street in the next month or two. The 80,000-square-foot Adjmi + Andreoli-designed condo, which is being developed in partnership with a family that’s owned the land for several decades, is set for completion in around 18 months, Vella said. [more]

From left: Justin Ehrlich and Zach Vella of VE Equities and the site at 290 West Street and Elliman's Fredrik Eklund

VE Equities, the development team behind recent sold-out Tribeca projects like the Carriage House at 60 Collister Street and 471 Washington Street, has purchased a Tribeca development site at 290 West Street, according to public records filed with the city on Friday. The company is planning another luxury residential development on the site, co-founder Zach Vella told The Real Deal today.

VE bought the 85-foot by 85-foot site, which formerly served as a gas station, from Exxon Mobil earlier this month, records show. The company paid $15.46 million for the vacant residential land, which was cleared by Exxon before the sale. [more]

250 Bowery

In the ceaseless destruction and creation of New York City’s building stock, many neighborhoods must be protected and cherished from rash and unthinking developers. One such neighborhood is decidedly not the Bowery. Any alteration to this unlovely stretch of the Lower East Side will only improve the place and cannot come quickly enough. It is with no small satisfaction, therefore, that I can report, after many delays, a foreclosure and a new developer, that 250 Bowery, near Stanton Street, is finally getting off the ground…. [more]

Zach Vella and 949 Park Avenue

A minority shareholder in the company that built a Park Avenue condominium filed a lawsuit against developer Zachary Vella, alleging he used shared funds to pay himself $740,000 interest on loans he never established making, Law360.com reported.

The suit was filed in New York State court by Benjamin Soleimani, a 15 percent shareholder in the holding company Vella’s VE Equities established to develop 949 Park Avenue. The condo’s exclusive marketers are Fredrik Eklund and John Gomes of Prudential Douglas Elliman, so it’s been featured lately on Bravo’s “Million Dollar Listing New York.” [more]

From left: Justin Ehrlich and Zach Vella of VE Equities, John Gomes & Fredrik Eklund of Elliman and 60 Collister Street

Following a successful sell out of 471 Washington Street in January, investment and development firm VE Equities has a contract out on the final unit at the former American Express Carriage House at 60 Collister Street, another Tribeca luxury condominium developed by the company, co-founder Zach Vella told The Real Deal today. [more]

From left: 250 Bowery, 263 Bowery and 195 Bowery

The downtrodden strip of Bowery between Houston and Canal streets is finally beginning to flourish, the New York Post reported. While the area north of Houston Street has been gentrifying for years, the Bowery was still largely known for its kitchen-supply and lighting stores below Houston Street. Thanks to the arrival of a handful of new condominiums, the New Museum and flashy retail stores, and the street’s proximity to bordering neighborhoods including Nolita, the East Village, the Lower East Side and Chinatown that is beginning to change. [more]

From left: 471 Washington Street, 482 Greenwich Street and 52 Laight Street

Wealthy homebuyers are flocking to a secluded area north of Tribeca, but don’t expect destination restaurants to follow.

The New York Post names a group of new condominiums, including 250 West Street, 471 Washington Street, 1 North Moore Street, 60 Collister Street, 482 Greenwich Street and 52 Laight Street, that have recently sprouted north of Tribeca and south of Hudson Square, off the western most part of Canal Street. [more]

Top from left: VE Equities principals Justin Ehrlich and Zach Vella, Fredrik Eklund, managing director, and John Gomes, executive vice president, of Prudential Douglas Elliman; bottom: 60 Collister Street (building credit: Rich Caplan)

On one of the most secluded streets in the heart of Tribeca, six luxury condominium units will quietly hit the market today and nine more in the same building will follow shortly. They make up all the units in a five-story condominium project at 60 Collister Street, between Hubert and Laight streets, at the former American Express Carriage House building.

VE Equities, the developers behind Tribeca’s 471 Washington Street, which sold out last month, and One North Moore, acquired the site in a short sale last year and received attorney general approval to market the units this Tuesday. As with all of VE’s previous residential projects, Fredrik Eklund and John Gomes of Prudential Douglas Elliman have the listings. [more]