Taconic Investment Partners | The Real Deal New York

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Taconic Investment Partners

111 8th Avenue, Suite 1500
New York, NY 10011
(212) 220 9945
Website
Taconic-Investment-PArtners
Taconic Investment Partners
Taconic Investment partners is a developer and operator of commercial and residential properties, with a strategy of investing in high-quality assets, both new builds and repositioning plays. The company has been involved in deals for more than 12 million square feet of commercial space and more than 3,000 residential units, primarily in New York, since 1997. Notable deals include the $200 million sale, jointly with Thor Equities, of Samsungs offices at 837 Washington Street in the Meatpacking District, a record price in the neighborhood. In one of the largest urban renewal projects in the history of New York, Taconic, L+M Development Partners and BFC Partners are developing Essex Crossing, a 1.9 million-square-foot mixed-use project on the Lower East Side. The site, formerly known as the as the Seward Park Urban Renewal Area, will feature a 14-screen movie theater at the corner of Essex and Delancey Streets, and all affordable residential units.  -NE
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eastvillefeature
05/12/16
L+M Development Partners scooped up a 79-unit East Village rental building known as Eastville Gardens for $44 million, according to property records filed with the...
eastchester_heights ft
04/25/16
Taconic Investment Partners and Clarion Partners secured $110 million from Capital One to refinance their large Eastchester Heights rental complex in the East Bronx. Tags: bronx,...
Taconic 54th
04/25/16
Taconic Investment Partners is seeking a partner for a proposed recapitalization of a 327,000-square-foot Hell’s Kitchen office building that would value the property at $220...
vornado
04/06/16
Vornado Realty Trust and Aurora Capital Associates rounded up 40,000 square feet in air rights from the Apple Store building and three other nearby Meatpacking...
essex-crossingfbox
03/16/16
UPDATED, March 23, 2:42 p.m.: Instead of being a boon for some Essex Street Market vendors, the massive $1 billion redevelopment of the Seward Park...
Watchtower Steven Roth Larry Silverstein thumb 2
02/16/16
UPDATED: Feb. 16, 8:37 p.m.: The city’s biggest office landlords – and just about everyone else – are set to bid on the Jehovah’s Witnesses’...
anadu-final-463x250
02/16/16
Goldman Sachs’ Urban Investment Group, an arm of the bank that handles its socially-minded investments, is making Essex Crossing its biggest-ever bet. The group is...
Inwood suppermarket feature
02/02/16
Taconic Investment Partners and Cogswell-Lee Development Group plan to turn an Inwood supermarket into a retail hub. The redevelopment team bought the ground lease at a...
meatpacking feature
01/11/16
The Meatpacking District can be summed up in one simple, somewhat clumsy, image: “high heels on cobblestone.” Tags: aurora capital, business improvement district, meatpacking district,...
rsz_essex-crossing-e1450447559691
12/18/15
Delancey Street Associates’ Essex Crossing development on the Lower East Side received a new, $79.5 million financing package from Wells Fargo to fund its Site...
Rendering of Essex Crossing
12/07/15
From left: Charlie Bendit of Taconic, rendering of Essex Crossing and 227 West 36th Street From the $15.8 million sale of an development site in...
401 West 14th Street in the Meatpacking District (inset: Taconic's Charlie Bendit)
11/13/15
Taconic Investment Partners and TIAA-CREF secured a $89 million mortgage refinancing at 401 West 14th Street in the Meatpacking District, the home of an Apple...
Takahiro Mitani
10/21/15
The city’s real estate market could see increased investment from Japanese institutional investors, with Japan’s Government Pension Investment Fund (GPIF) – the world’s largest pension...
Charlie Bendit Movielab thumb
10/14/15
The nonprofit New York Stem Cell Foundation is in talks to take 40,000 square feet on the second and third floors of the Movielab building...
From left: Rendering of 525 West 52nd Street (credit: Handel), rendering of 425 Park Avenue (credit: Foster + Partners) and 370 Lexington Avenue
09/28/15
Japanese investors are returning to New York’s commercial real estate market to an extent not seen since the country’s economic downturn of the 1990s, with...
Essex-Crossing
09/15/15
The Essex Crossing development on the Lower East Side is bulking up its tenant mix with the announcement that a Planet Fitness will take 22,000...
sterling-mason-FB
08/06/15
The new owner of a three-bedroom apartment at the Sterling Mason should have no problem accessorizing — the buyer is Kate Spade CEO Craig Leavitt,...
ftL.E
08/01/15
Updated: August 3, 1:56 pm.: The 75-year-old Essex Street Market, known simply as “Site 9” in the Essex Crossing development plans, will soon be replaced...
Ron-Moelis-thumb
07/13/15
From the July issue: Ron Moelis is CEO and chairman of L+M Development Partners, which he co-founded in 1984. L+M has been responsible for $4 billion...
Charles-Bendit-ft
06/08/15
Mitsui Fudosan, one of Japan’s biggest real estate companies, has bought a majority stake in Taconic Investment Partners’ 525 West 52nd Street. Tags: Far West...
essex-crossing-project-image-
05/29/15
Essex Crossing just got a dose of retro-cool with the signing of Splitsville Luxury Lanes, a 10-lane bowling alley. Tags: essex crossing ...
MeadowWood-1-
05/26/15
Joel Wiener’s Pinnacle Group picked up 318 rental units in a 19-building East New York residential complex for $53 million from a partnership between Taconic...
Charles Bendit
05/13/15
Taconic Investment Partners secured a $200 million loan from Wells Fargo Bank and the New York State Housing Finance Agency to finance its residential development...
essex-crossing-feat
02/18/15
BFC Partners, L+M Development Partners and Taconic Investment Partners — the developers of Lower East Side megaproject Essex Crossing — announced today that the 1,000-unit...
AshkenazyVeghfbox
02/06/15
Ben Ashkenazy’s Ashkenazy Acquisition Corporation is looking to sell an office and retail building at 949 Southern Boulevard in the Bronx for $43.5 million. Tags: ashkenazy...
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Taconic Investment Partners, Co-CEO
111 8th Avenue, New York, NY, (212) 220 9945
Charles Bendit is co-chief executive officer of Taconic Investment Partners, a developer and...
Taconic Investment Partners, Co-CEO
111 8th Avenue, New York, NY, (212) 220 9945
Paul Pariser is co-chief executive officer of Taconic Investment Partners, a developer and...
  • Event Sales
  • Address 412 Greenwich Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 3,890
  • Price $ 9,400,000
notes
The retail condominium unit sold for $9.4 million.
  • Event financing
  • Address 525 West 52nd Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 466,000
  • Price $ 200,000,000
notes
A $200 million loan was arranged.
  • Event Sales
  • Address 12205 Flatlands Avenue
  • Neighborhood East New York
  • Borough Brooklyn
  • Square feet 318
  • Price $ 53,000,000
notes
The remaining 318 units of the condominium complex sold for $53 million.
  • Event Office Leasing
  • Address 837 Washington Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 55,000
notes
The electronics giant signed a lease for the entire building. The space will serve as a marketing and customer service center.
  • Event Financing
  • Address 375 Pearl Street
  • Neighborhood City Hall
  • Borough Manhattan
  • Square feet 1,098,000
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 Taconic Investment Partners, Square Mile Capital
  • Party 1 Brokerage HFF
  • Party 1 Broker Evan Pariser, Steve Klein, Todd Newman
  • Party 2 Apollo Real Estate Advisors, M&T Bank
notes
A $163.5 million acquisition and predevelopment loan was arranged for a condominium interest in the property. The joint venture plans to redevelop the property into a modern office tower. 32-story office building.
  • Event Financing
  • Address 401 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 62,199
notes
A $90 million adjustable-rate loan over a five-year term was arranged for the refinancing of the commercial property. The building is 100 percent leased to Apple, Hugo Boss, Moschino and Tudor Investment Corporation 4-story mixed-use building.
  • Event Sales
  • Address 375 Pearl Street
  • Neighborhood City Hall
  • Borough Manhattan
  • Square feet 1
  • Price $ 172,000,000
  • Price per foot $ 185.00
notes
A condominium interest in 930,000 square feet of the property sold for $172 million, or $185 per square foot. Taconic will own floors 2 to 7 and 11 to 32, while Verizon will retain ownership of floors 8 to 10. The buyer plans to spend up to $100 million in renovations, including as many as six new elevator cabs, new HVAC and new bathrooms.
  • Event Sales
  • Address 450 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 330,000
  • Price $ 509,000,000
  • Price per foot $ 1,540.00
notes
Somerset has closed on its purchase of the Class A office property for $509 million, or $1,540 per square foot, the most ever paid for a U.S. office tower on a per-square-foot basis. Asking rents in the building are now in the range of $60 to $70 per square foot, but Somerset believes new leases can fetch up to $180 per square foot.
  • Event Sales
  • Address 15 Little West 12th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 70,000
  • Price $ 70,000,000
notes
The property sold for $70 million. A furniture firm occupies 32,000 square feet at the building's base, and Palantir Technologies has the penthouse.
  • Event Sales
  • Address 71 Laight Street
  • Neighborhood Tribeca
  • Borough Manhattan
  • Price $ 65,000,000
notes
The property sold for $65 million. The site will be converted to 34 luxury residences.
  • Event Sales
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 3
  • Price $ 1,770,000,000
notes
The property sold in an all-cash transaction for $1.77 billion. The Internet giant will occupy about 550,000 square feet of the building's space.
  • Event Sales
  • Address 429 East 75th Street
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 30,000
  • Price $ 24,350,000
notes
The property sold for $24.35 million. The sellers redeveloped the building into a medical facility after acquiring the former garage for $7.8 million in 2006.
  • Event Retail Leasing
  • Address 15 Little West 12th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 32,000
notes
The furniture retailer signed a lease for multilevel space. The reported asking rent on the ground floor was $250 per square foot.
  • Event Retail Leasing
  • Address 100 10th Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 4,266
notes
The Spanish-Mediterranean restaurant inked a lease for its third Manhattan location. The reported asking rent was $125 per square foot.
  • Event Retail Leasing
  • Address 401 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,700
notes
The Italian fashion designer inked a lease for its first freestanding boutique in Manhattan. The reported asking rent was $500 per square foot.
  • Event Office Leasing
  • Address 401 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 9,100
  • Publication Date 11/01/2007
  • Event Date 09/22/2007
  • Party 1 Taconic Investment Partners
  • Party 1 Brokerage RKF
  • Party 1 Broker Robert K. Futterman, K. Bellantoni
  • Party 2 Tudor Investment
  • Party 2 Brokerage JLL
  • Party 2 Broker John Wheeler
notes
The hedge fund signed a 10-year lease for the "glass box" penthouse. The unit has three separate terraces overlooking 14th Street and Ninth Avenue, which total 2,500 square feet. Tudor will take occupancy late this fall.
  • Event Office Leasing
  • Address 450 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 10,380
notes
[EMPTY]
  • Event Office Leasing
  • Address 450 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 18,000
notes
Bank relocating retail center from 575 Madison Ave
  • Event Office Leasing
  • Address 450 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 10,000
notes
Law firm takes space for conference center
  • Event Office Leasing
  • Address 450 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 10,000
notes
Private equity firm takes space
  • Event Office Leasing
  • Address 450 Park Avenue
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 10,000
notes
Investment firm takes space
  • Event Office Leasing
  • Address 401 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 9,100
  • Publication Date 11/01/2007
  • Event Date 09/22/2007
  • Party 1 Taconic Investment Partners
  • Party 1 Brokerage RKF
  • Party 1 Broker Robert K. Futterman, K. Bellantoni
  • Party 2 Tudor Investment
  • Party 2 Brokerage JLL
  • Party 2 Broker John Wheeler
notes
The hedge fund signed a 10-year lease for the "glass box" penthouse. The unit has three separate terraces overlooking 14th Street and Ninth Avenue, which total 2,500 square feet. Tudor will take occupancy late this fall.
  • Event Office Leasing
  • Address 15 Little West 12th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 13,335
notes
The software firm signed a lease for the top floor.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 25,000
notes
Theater company will moves its second stage, acting school and administrative offices by January 2006.
  • Event Office Leasing
  • Address 111 Eighth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 40,000
notes
Fashion house relocating HQ from 55 Fifth Ave
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