The Real Deal New York

Posts Tagged ‘ve equities’

  • 250 bowery

    From left: 250 Bowery and an exhibition at the International Center of Photography

    Relocation plans for the city’s preeminent photography museum have come to light, as the world-renowned nonprofit is taking aim at a $23 million retail condo across the street from the New Museum. [more]

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  • From left: Justin Ehrlich and Superior Ink at 62 Bethune Street

    From left: Justin Ehrlich and Superior Ink at 62 Bethune Street

    Justin Ehrlich, founder of VE Equities, picked up the last available townhouse at the Robert A.M. Stern-designed Superior Ink. [more]

  • 290-west

    Interior at 290 West Street in Tribeca (Credit: VE Equities’ Zach Vella)

    VE Equities launched sales at its 10-story Tribeca condo building at 290 West Street. [more]

  • ve-equities

    From left: 257 Water Street in Lower Manhattan, Jeff Fishman and Zach Vella

    Developer VE Equities, led by Zach Vella and Justin Ehrlich, sold a six-story rental building in Lower Manhattan for $23 million, The Real Deal has learned.

    The 27,000-square-foot property at 257 Water Street, also known as 23 Peck Slip, holds 20 market-rate units and ground-floor retail space occupied by Mark Joseph Steakhouse and Acqua Restaurant & Wine Bar. [more]

  • From left: David Schechtman, the Tribeca Film Festival building at 13-17 Laight Street and Zach Vella

    From left: David Schechtman, the Tribeca Film Festival building at 13-17 Laight Street and Zach Vella

    The headquarters of the Tribeca Film Festival is being shopped around for $105 million, after trading hands for just $56 million at the end of 2012, The Real Deal has learned. [more]

  • From left: Torre

    From left: rendering of Torre Verre, One Museum Mile, 250 Bowery

    Sales are booming in buildings clustered around New York City’s public art destinations, as evidenced by the success of buildings near the Museum of Modern Art and the New Museum.  [more]

  • The penthouse at Tribeca's 11 North Moore Street and Fredrik Eklund

    The penthouse at Tribeca’s 11 North Moore Street and Fredrik Eklund

    A penthouse at VE Equities’ 11 North Moore condominium in Tribeca has hit the market asking $40 million. The 7,061-square-foot apartment boasts a private rooftop pool and 3,168 square feet of private outdoor space. [more]

  • gas

    From left: Michael Shvo, 239 10th Avenue and Zach Vella

    Developers are looking at New York City gas stations as less a 10-minute pit stop than a two-year project.

    Gasoline stations on corner lots and near major intersections are increasingly being converted into residential properties, particularly as land is scarce. Also, they are ideal for ground-up construction, Zach Vella, a principal at developer VE Equities, told the New York Times. [more]

  • From left: Leonardo DiCaprio, 11 North Moore Street and Fredrik Eklund

    From left: Leonardo DiCaprio, 11 North Moore Street and Fredrik Eklund

    UPDATED, 2:54 p.m., October 17: Leonardo DiCaprio is continuing his titanic quest for the perfect pad and recently checked out VE Equities’ latest project in Tribeca. The actor looked over plans for a 7,061-square-foot $40 million penthouse at 11 North Moore Street, the building where Douglas Elliman broker and “Million Dollar Listing New York” star Fredrik Eklund launched sales via Instagram, as Luxury Listings NYC reported. [more]

  • From left: Justin Ehrlich and Zach Vella of VE Equities,the site at 290 West Street and Morris Adjmi

    From left: Justin Ehrlich and Zach Vella of VE Equities,the site at 290 West Street and Morris Adjmi

    Tribeca has had quite an evolution over the last two decades. The average price for a condominium or co-op apartment in the trendy neighborhood has jumped from $182 per square foot in 1993 to $1,569 per square foot in 2013, over an eight-fold increase, according to data from appraisal firm Miller Samuel. [more]

  • David Edelstein and 250 Bowery

    David Edelstein and 250 Bowery

    Just three months after Anthropologie backed out of plans for a store at 250 Bowery, David Edelstein’s Tristar Capital has paid $15.75 million for the retail condominium, Bowery Boogie reported.

    Edelstein told Bowery Boogie that he was “excited to play a more active role in the ongoing transformation of this trendy district.” [more]

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  • 250 Bowery

    250 Bowery

    Anthropologie’s lease at 250 Bowery is no longer in the cards, Bowery Boogie reported. The apparel retailer broke its contract to occupy the 10,000-square-foot ground floor space at the VE Equities-developed condominium building, meaning the space is back on the block for $1 million per year.

    The company backed out of the deal because the landlords allegedly did not meet several performance dates following Hurricane Sandy storm damage. [more]

  • Penthouse breaks Bowery price record

    February 13, 2013 01:30PM

    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]

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  • Sales launch at 250 Bowery

    December 06, 2012 01:10PM

    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]

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  • 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]

  • alternatetext
    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]

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  • 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, 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]

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  • 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]

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