The Real Deal New York

Posts Tagged ‘William Zeckendorf’

  • Developers who rise from the dead

    November 12, 2015 10:00AM
    Illustration by Noah Patrick Pfarr

    Illustration by Noah Patrick Pfarr

    From the November issue: Legendary real estate investor William Zeckendorf Sr. owned about as many buildings as he had suits in his wardrobe. And with a fluctuating girth — the famously stout tycoon was known for dropping as much as 40 pounds only to quickly regain it — his closet was lined with a lot of suits.

    In other words, his business fortunes yo-yoed the same way his weight did. [more]

  • MarkZilbertWilliamLieZeckendorfArthurZeckendorf

    From left: Mark Zilbert, William Lie Zeckendorf and Arthur Zeckendorf

    In its bid to tap the Miami market, Brown Harris Stevens is acquiring boutique firm Zilbert International Realty, The Real Deal has learned. [more]

  • 50-UN-PLaza-Zeckendorf

    From left: Sheikh Tamim bin Hamad Al Thani, 50 UN Plaza and William and Arthur Zeckendorf

    UPDATED 2:15 p.m., April 9: The Permanent Mission of the State of Qatar bought four apartments at Zeckendorf Development and Global Holdings’ 50 United Nations Plaza for approximately $45 million, according to property records filed with the city today. [more]

  • Jim Gricar

    Jim Gricar (Credit: Tobias Truvillion)

    UPDATED, 5:50 p.m., March 11: Jim Gricar, the president of Halstead Property, is leaving the residential brokerage at the end of the month, The Real Deal has learned.

    Sources indicated that his contract was up at the end of the month but was not renewed. [more]

  • William Zeckendorf in his signature hat

    William Zeckendorf in his signature hat

    As New York City ushers in an era of vast development projects — whether the Freedom Tower, Hudson Yards or massive plans for Manhattan’s East Side — a glance back at the life of developer William Zeckendorf Sr. is proof that there are no new ideas under the sun.

    Zeckendorf, who was born in 1905 in Paris, Ill., to a hardware store manager, dominated the nation’s real estate industry from the 1940s through the early 1960s, along with his company, Webb & Knapp Inc. His legacy is felt coast to coast, from Century City in Los Angeles to Roosevelt Field on Long Island. Read the full article from the November 2007 issue after the jump.

  • Not exactly on Park Avenue? No problem

    February 14, 2015 01:00PM
    520 Park Avenue and 33 East 74th Street

    520 Park Avenue and 33 East 74th Street

    Thanks to an air rights deal, future residents of the Zeckendorfs’ new uberluxury building will be able to claim Park Avenue status — despite being located at 45 East 60th Street. [more]

    1 Comment
  • 520-park-2

    Renderings of 520 Park Avenue (Credit: Zeckendorf Development and Seventh Art)

    UPDATED, 3:24 p.m., Nov. 21: I have always questioned the wisdom of Jean Patou, the cosmetics company, when it chose to market its “Joy” as “the world’s most expensive perfume.” This strategy went against the common marketing wisdom that one should try to persuade the public that they were underpaying, that they were getting a steal. [more]

  • meet-the-big-shots-who-live-at-15-central-park-west

    WEEKENDEDITION In 2004, when developers Will and Arthur Zeckendorf set out to create 15 Central Park West, one man stood in their way: a 73-year-old recluse named Herb Sukenik, who refused to move from the Mayflower Hotel. And his relocation may very well be the most expensive in New York history. [more]

  • From left: Exterior of 18 Gramercy Park, rendering of a unit

    From left: Exterior of 18 Gramercy Park, rendering of a unit

    More high-end buyers in New York City are opting to live in buildings with fewer — but spacious — units, according to agents and developers. [more]

  • fischbach

    135 East 79th Street and Gregory Fischbach

    Gregory Fischbach, founder of now-defunct video game publisher Acclaim Entertainment, grabbed a condominium unit at the Brodsky Organization’s 135 East 79th Street for $10.75 million. [more]

  • This month in real estate history

    December 18, 2013 04:30PM
    Zeckendorf and others looking at a Dream City model

    Zeckendorf and others looking at a Dream City model

    From the December issue: A visionary plan advocated by the colorful William Zeckendorf Sr. to convert a large swath of downtown Flushing, Queens, into a modern $50 million shopping-and-theater complex was dashed 66 years ago this month.

    The city effectively killed Zeckendorf’s project, known as Dream City, by refusing to invoke eminent domain to help Zeckendorf get his hands on the property he needed to move forward. [more]

  • From left: William Zeckendorf and 50 United Nations Plaza

    From left: William Zeckendorf and 50 United Nations Plaza

    Zeckendorf Development and Global Holdings launched sales of the luxury 50 United Nations Plaza condominiums today, located directly across from U.N. headquarters.

    The 88-unit property offers apartments ranging from 1,147-square-foot one-bedrooms to a triplex penthouse measuring 15,597 square feet, priced at $100 million. [more]

  • From left to right - William Zeckendorf, co-chairman at Zeckendorf Development; Gerald Bianco, Lend Lease; Ralph Esposito, Lend Lease; Arthur Zeckendorf, Co-Chairman, Zeckendorf Development on the 34th floor of 50 United Nations Plaza

    From left: William Zeckendorf, co-chairman at Zeckendorf Development; Gerald Bianco, Lend Lease; Ralph Esposito, Lend Lease; Arthur Zeckendorf, Co-Chairman, Zeckendorf Development on the 34th floor of 50 United Nations Plaza

    Just seven months after the Zeckendorfs broke ground on the long-stalled 50 United Nations Plaza condominiums, the developers have topped out the highly anticipated project. Workers are set to lay the last concrete slab for the highest penthouse at the 44-story tower tomorrow, executives told an audience of brokers, construction workers and reporters assembled at a ceremony on the 34th floor this morning. [more]

  • Eyal Ofer

    An Israeli billionaire who resides in Monaco is the under-the-radar majority investor in several of Manhattan’s high-profile residential developments, including the Zeckendorfs’ 50 United Nations Plaza and Rudin Management’s condominium conversion of St. Vincent’s hospital.

    Eyal Ofer, a 62-year-old whose net worth, according to Forbes, is $6 billion, has managed to operate in stealth as he normally invests in no-name office buildings, the Wall Street Journal reported. But recent projects “we have got involved with have brought us into the limelight,” he told the Journal. [more]

  • From left: William and Arthur Zeckendorf (credit: Marc Becker) and Christ Church

    Developers William and Arthur Zeckendorf will pay a record $600 per square foot this week  for air rights above their planned 60th street luxury tower, the New York Times reported. The total dollar amount: $40 million for roughly 70,000 square feet. [more]

  • What I did for the gig: Robert Shapiro

    February 13, 2013 01:00PM

    Inset: Robert Shapiro

    “What I did for the gig” is a weekly web feature that chronicles the outlandish, risky and comical strategies that residential and commercial real estate brokers have used to land listings, clients and jobs.

    Negotiating for space in Midtown Manhattan is a tough business, especially when faced with an uninterested seller and a looming deadline. For Robert Shapiro, a broker who orchestrated a 1986 REBNY award-winning assemblage deal for the Crowne Plaza Times Square, the challenge called for a stunt that would let him rise to the occasion. Literally. … [more]

    1 Comment
  • Is 15 CPW’s heyday over?

    December 07, 2012 09:30AM

    15 Central Park West (far left)

    Despite the stratospheric sales prices at 15 Central Park West over the last few years — the most obvious being Sandy Weill’s $88 million record-obliterating sale — some observers say that the previous numbers were inflated and that sales prices at the building are due to slump, the Wall Street Journal reported.

    In 2012 only five apartments at the building, where celebrities of all sorts, from Denzel Washington to Daniel Loeb reside, have sold. Last year, that number was 17 last year and 15 in 2010, according to data from residential brokerage Brown Harris Stevens. [more]

    1 Comment
  • A lark in the Park: PHOTOS

    October 25, 2012 03:30PM
    From left: William and Arthur Zeckendorf (credit: Marc Becker)

    Developers William and Arthur Zeckendorf welcomed brokers to 18 Gramercy Park last night for the official unveiling of their 16-unit luxury condominium conversion overlooking the fabled garden.

    With about half of the 16 units under contract – including the $42 million penthouse reportedly promised to Leslie Alexander, owner of the NBA’s Houston Rockets – William Zeckendorf said he expected to sell the remaining apartments at a pace of about one per month. … [more]

  • Top NYC residential sales of 2011

    January 20, 2012 02:30PM
    Source: Sales data from and buyer/seller information from various published reports

    Forget about new brokerage models, new markets and new economic realities. When it came to the top of the New York City residential sales market in 2011 consistency was king. (See the top 5 above and the top 10 sales after the jump.)

    The effects of the European debt crisis crept across the Atlantic Ocean this summer, and hindered the traditional high season for sales — but not for the ultra-rich: 11 of the 25 Manhattan sales worth more than $20 million closed in June, July and August. In fact, July 15, the very same day eight European banks failed their stress tests, the ninth and 17th priciest sales of the year closed for a combined $49.75 million. … [more]

  • Zeckendorf buying 740 Park pad for $27M

    November 03, 2011 11:22AM

    William Zeckendorf, co-developer of 15 Central Park West and a co-owner of Terra Holdings, parent company of Halstead Property and Brown Harris Stevens, has gone into contract to buy a two-bedroom, 17th-floor apartment at 740 Park Avenue, a building once owned by his grandfather, for $27 million, the New York Post reported.

    The 10-room apartment is owned by video game magnate Gregory Fischbach and his wife Linda, who bought the apartment in 1994 for $6.3 million. It was once owned by John D. Rockefeller, who planned to join the unit with his duplex below but never did.

    Zeckendorf has been busy maneuvering his personal real estate assets of late. … [more]