A prime bit of Times Square retail, next door to the Witkoff Group’s massive planned retail and hotel project, is in contract for $10.6 million, The Real Deal has learned. [more]
Posts Tagged ‘witkoff group’
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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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St. John’s University today announced an agreement to sell its satellite Tribeca building at 101 Murray Street to a joint venture of Fisher Brothers, Howard Lorber and Witkoff Group, which plan to raze the building to construct condominiums, Crain’s reported. [more]
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Build it and they will come, yes, but in the case of some high-profile residential projects in the West Village such as 150 Charles Street, buyers are swarming in well before the buildings are completed, the New York Post reported. [more]
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A month into marketing for the hotly anticipated yet divisive condominiums at 150 Charles Street, the penthouse is already in contract, according to Streeteasy.com. The last listing price for the five-bedroom, five-and-a-half-bath unit was $34 million, although the sales price was not immediately known. [more]
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The West Village’s much anticipated and controversial luxury condominium project 150 Charles Street has hit the market, Curbed reported. The Witkoff Group revealed pricing and floor plans for eight of the building’s 98 units. [more]
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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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A group of West Village residents has gone to court to block the construction of 150 Charles Street, the Witkoff Group’s 98-unit condominium conversion of the former Whitehall Storage building. The 11 plaintiffs, who all live near the site, are claiming that the developer has run afoul of zoning rules.
The residents say that Witkoff won special permission to enlarge the existing structure because the project is a conversion, rather than ground-up construction. But now, the developer has demolished the warehouse, waiving its right to the extra floor area, the residents allege in a complaint filed Thursday in New York State Supreme Court. [more]
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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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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]













