Tessler Developments | The Real Deal New York

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Tessler Developments

461 Park Avenue South
New York, NY 10016
(212) 869-1900
Website
reception@tesslerdevelopments.com
Tessler Developments

Tessler Developments is a real estate development firm that specializes in ultra-luxury condominium projects. Founded and owned by Yitzchak Tessler, the firm made a name for itself with condo conversions in the late 1990s, starting with 66 Leonard Street in TriBeCa and later 150 Nassau Street in the financial district. Among the firm’s most notable buildings are the historic Textile Building, at 295 Fifth Avenue, as well as the Bryant Park Hotel. Tessler Developments also has educational housing at 55 John Street for Pace University and 1760 Third Avenue for LIM College. One of its more recent developments, the glass tower known as One Seventy-Two Madison, will include a “penthouse in reverse” massive apartment on one of its lower floors and a 40-foot base to avoid privacy issues in many of the tower’s other units. Tessler purchased the spot in 2014 and soon raised funds to build the tower. Not all of Tessler’s conversions have been successful. Financing issues jettisoned a planned conversion at 1107 Broadway for one of the International Toy Center buildings.

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new development chiefs fb
03/15/16
Condominium construction hit record highs in Manhattan over the past year, with hundreds of new high-end homes rising across the borough. With luxury condo inventory at...

west52ndst copy
10/09/15
Gaia Real Estate’s latest condo project – at the former St. Vincent’s Midtown hospital building in Hell’s Kitchen – will have a total sellout of $232.4...

fishman
09/10/15
Gaia Real Estate secured a $122.8 million loan from TPG Real Estate Finance for its acquisition of a vacant, 160,000-square-foot Midtown apartment building.  Tags: gaia...

fishman
08/18/15
Gaia Real Estate is in contract to buy the rental conversion of a former St. Vincent’s Midtown Hospital building in Hell’s Kitchen from the Chetrit...

02MADISON-blog427 feat
08/03/15
...From left: Rendering of 172 Madison Avenue (credit: Tessler Developments) and the "mansion" unit. Tessler Developments will employ novel architectural...

vincent
10/07/14
JVL Property Group, Okada Acquisitions and Zion Enterprises have launched sales at their seven-story Hell’s Kitchen condominium building that was converted from St. Vincent’s Midtown...

416-W.-52nd-StreetFB
06/24/14
The Chetrit Group unloaded part of its redevelopment project at the former St. Vincent’s Midtown Hospital to an unnamed buyer for $41.4 million, according to...

From left: Toni Morrison and 66 Leonard Street
02/06/14
Nobel and Pulitzer prize-winning novelist Toni Morrison picked up a three-bedroom condominium at Tessler Development’s 66 Leonard Street. Tags: 66 leonard street ...

From left: Yitzchak Tessler and 172 Madison Avenue
01/21/14
Developer Yitzchak Tessler is teaming up with Manhattan-based NMP Group to build 31-story apartment complex on a vacant site at 172 Madison Avenue, according to...

Steve Witkoff and 10 Madison Square West
04/11/13
The first rendering of 10 Madison Square West, the condominium development planned for a portion of the Toy Building in the Flatiron District, has been...

FetnerFbox2
04/09/13
Developer Durst Fetner Residential is abandoning hotel plans as well as cutting the height of its planned high rise at 855 Sixth Avenue three blocks...

10 Madison Square West
03/18/13
UPDATED, 4:57 p.m., Mar. 18: The former Toy Building, at 10 Madison Square West in the Flatiron District, has unveiled a teaser website and building signage...

323
12/28/12
...of 23rd Street," said Ari Herrman, chief financial officer at Tessler Developments. Tessler is behind 323 Park Avenue South, a modernist building designed...

architecture-review-gwathmeys-final-project-as-humble-as-the-architect-himself
12/13/12
...in 2009. Known as 323 Park Avenue South, this condominium project from Tessler Developments contains 16 half–floor residences — 1,350 square feet each — a full-floor, 3,100-square-foot...

Townhouse
06/06/12
The Chetrit Group filed plans last week to build a single-family, ground-up development on a vacant lot squeezed between two long-empty hospital buildings that it’s...

From top right: Broker Efraim Tessler, renderings of the exterior and the interior of 323 Park Avenue South, and the late Charles Gwathmey23 Park Avenue
03/01/12
...who's exclusively selling and marketing the building, announced today. The Tessler Developments...

witkoff2.jpg
09/28/11
...Witkoff, founder of the Witkoff Group, 1107 Broadway, Yitzhak Tessler of Tessler Developments and Eastdil Secured's Adam Spies and Douglas HarmonSteve Witkoff's Witkoff...

tess.jpg
09/08/11
...Manhattan-based Tessler Developments has come to a tentative agreement with Jersey City officials...

tessler_small.jpg
09/07/11
...Tessler and 1107 BroadwayYitzhak Tessler, the 62-year-old CEO and president of Tessler Developments, spoke with The Real Deal in his first face-to-face interview...

witkoff.jpg
08/22/11
...at the site. Lehman previously lent more than $300 million to Tessler Developments for a conversion project, but Tessler defaulted on its...

jeangeorges.jpg
07/22/11
...-square-foot space at 66 Leonard Street, owned by Yitzchak Tessler of Tessler Developments, is comprised of an 8,000-square-foot ground floor restaurant space and...

harold-fetner.jpg
07/21/11
...from iStar Financial and took title in December 2010 from owners Tessler Developments and the Chetrit Group. It plans to construct a 500,000-square-foot...

06/30/11
...ground after Lehman lent $300 million to a venture led by Tessler Developments. and   ...

855.jpg
12/27/10
From left: 855 Sixth Avenue, 110 West 31st Street and 112 West 31st Street (last building credit: PropertyShark) The development partnership Durst Fetner Residential took title...

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  • Event Retail Leasing
  • Address 260 Park Avenue South
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 4,000
notes
The salon signed a lease for its fourth location.
  • Event Sales
  • Address 415 West 51st Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Price $ 84,700,000
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 St. Vincent Catholic Medical Centers
  • Party 2 Tessler Development
notes
The two-building hospital site sold for $84.7 million. The buyer plans to renovate the property for residential use.
  • Event Financing
  • Address 855 Sixth Avenue
  • Neighborhood Penn Plaza
  • Borough Manhattan
notes
A $105.3 million loan was arranged for the block-front parcel. The site will be developed into a 37-story, 500,000-square-foot mixed-use project with high-end retail on the ground and second floors, Class A office space on floors three through 14 and luxury residential units on the upper levels. Development site
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66 Leonard Street is a residential building, known as the Textile Building or...
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Tessler Developments, 323 PAS ASSOCIATES, LLC
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Tessler Developments, 260 PARK AVE SOUTH LLC
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