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Morris Moinian

President
Fortuna Realty Group
527 Madison Ave.
New York, NY 10022
212.922.1220
Website
Morris Moinian
Morris Moinian is president at Fortuna Realty Group. Moinan, whose family is enmeshed in the real estate industry (his brother is famed developer Joseph Moinian, and his nephew Matthew is one of the heirs apparent to that empire), has made his name developing and renovating hotels. Moinian began his career as co-founder of Chattanooga Manufacturing, one of the largest womens apparel suppliers. More than a decade later, Moinian began using his Chattanooga earnings to invest in real estate, focusing on residential buildings in Upper Manhattan. In 1995, Moinian switched completely to real estate, (having already founded Fortuna Realty Group in 1984) and began developing hotels and resorts in New York and around the Caribbean. However, Moinian also branched off a financial arm at FortunaFortuna Funding, which originates loansas well as indoor cycling studio Revolve, which he hopes to expand beyond its two locations in New York and Washington, D.C. Moinian is a board member of the Grand Central Partnership and the Sephardic Society of Manhattan.
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05/12/16
Current reader favorites: 1. “We’re going to see some real distress”: Witkoff 2. Top 10 biggest real estate projects coming to NYC 3. Morris Moinian...
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05/10/16
Morris Moinian and his investment partner were the winning bidders at a bankruptcy auction for a Lower East Side hotel development site, and will pay...
Moinian party
02/05/16
Morris Moinian, Ismael Leyva, Frank Seta and Joe Moinian Rainy skies on Wednesday cleared just in time for drinks and nibbles at the Hotel Hugo,...
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11/12/15
It’s still a long way to Mayor Bill de Blasio’s goal of creating or preserving 200,000 affordable housing units by 2025, but the city’s developers...
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11/04/15
Residential developers focused their activity on smaller projects outside of Manhattan this October, with permit activity heavily concentrated in Brooklyn. The three tallest residential plans filed...
Midtown-Roof-Collapse-feature
10/30/15
First published 11:27 a.m.: A demolition worker was killed Friday morning after the ceiling collapsed at a Midtown building under construction, according to news reports. Tags: fortuna...
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10/22/15
From Luxury Listings NYC: Fashion people, real estate people – all were party people last night at Luxury Listings NYC’s celebration of its recent cover...
1150 Sixth Avenue
10/08/15
Developer Morris Moinian’s Fortuna Realty Group officially filed plans Thursday for his Ismael Leyva-designed hotel at 1150 Sixth Avenue in Midtown with a few slight...
Morris Moinian
05/08/15
Morris Moinian’s Fortuna Realty Group has partnered with Starwood Hotels & Resorts to develop its latest hotel project in the Garment District. Tags: fortuna realty...
Morris Moinian
05/04/15
Morris Moinian’s Fortuna Realty Group has selected Ismael Leyva Architects to design its new Midtown hotel at 1150 Sixth Avenue. The 40-story, 300-key hotel, which...
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04/10/15
Celebrated architect Bjarke Ingels lightheartedly threw a bit of cold water on the egos of developers the other evening as he explained that his design...
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12/31/14
Leonard Wilf of Skyline Developers revealed plans for a 24-story Midtown residential project in permits filed with the city. Tags: bryant park, gene kaufman ...
15renwick-penthouse
10/17/14
Four residential projects are in the works along a block-long stretch of Renwick Street, between Canal and Spring streets, in Soho. One of the projects...
1150 Sixth Avenue
08/18/14
A first glimpse of Morris Moinian’s Midtown development is now available. Tags: 1150 sixth avenue, fortuna realty group, morris moinian ...
hotel-carter
04/09/14
A winning bidder in the acquisition of the well-weathered Hotel Carter in Times Square is expected to be selected as soon as next week. Tags:...
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03/30/14
 The mogul behind Crown Group Hospitality is bringing a new celebrity-friendly lounge to the rooftop of Hotel Hugo at 525 Greenwich Street. Tags: Greenwich Village, NYC...
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03/24/14
Fortuna Realty Group’s Morris Moinian, in partnership with developer Matthew Moinian, will open the 122-key Hotel Hugo on April 1. Tags: fortuna realty group, matthew moinian ...
fortuna
03/04/14
Developer Fortuna Realty Group bought two Midtown West buildings totaling 30,000 square feet for $18.3 million in an off-market deal, according to property records filed...
hotel-hugo
02/04/14
Fortuna Realty Group and hotelier Matthew Moinian’s Hudson Square hotel project has changed its name to Hotel Hugo from Soho Hotel. Tags: fortuna realty group,...
From left: Town's Agostina Muro, Lindsey Owen and Melissa Van Damm
12/11/13
From left: Liz Robbins, Anna Baleva and Daniel Roshco of Daniel S. Roshco PC; Town’s Andrew Heiberger and Jacqueline Pestana (Photo credit: Adam Pincus) Town...
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10/15/13
Developer Morris Moinian’s plans to raze two mid-rise buildings south of Bryant Park to make way for a 175-room hotel have hit a snag. The...
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08/15/13
Gemini Real Estate Asset Management, the developer of the Gem and Jade hotels Downtown, has filed plans to build a 19-story Fashion District hotel at...
Interior shot of 45 East 74th Street
12/04/12
Interior shot of 45 East 74th StreetItalian construction scion turfs Town brokers, lists 45 East 74th Street townhouse with Brown Harris Stevens’ Paula del Nunzio...
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07/06/12
Long Island’s Garden City Hotel, which sold to a group led by Morris Moinian of the Manhattan-based Fortuna Realty Group in June, was also eyed...
Morris-Moinian-and-Golden-City-Ballroom
06/21/12
Morris Moinian’s Fortuna Realty Group has signed a contract to purchase Long Island’s iconic Garden City Hotel, Long Island Business News reported. The hotel’s owners, the...
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  • Event Sales
  • Address 1150 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 48,000
  • Price $ 39,000,000
  • Publication Date 05/01/2012
  • Event Date 03/22/2012
  • Party 2 Morris Moinian
notes
The property sold for $39 million, the New York Post reported. The buyer plans to build a new hotel or office building on the site.
  • Event Sales
  • Address 210 West 109th Street
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 8,250,000
notes
The Upper West Side building sold for $8.25 million.
  • Event Sales
  • Address 215 West 108th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 31,425
  • Price $ 16,500,000
  • Price per foot $ 525.00
notes
The five- and six-story walk-up buildings sold for $16.5 million, or $525 per square foot. The price represents a capitalization rate of 5.7 percent and a gross rent multiple of 14.5. The units are primarily renovated two- and three-bedroom apartments; 31 units are free market. The properties have an additional 23,000 square feet of air rights. Includes 210 West 109th Street.
  • Event Sales
  • Building Name 112-126 Ninth Avenue
  • Address 112 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 60,000
  • Price $ 40,000,000
notes
The prewar building, which has 64 residential units and eight retail units, went into contract for $40 million. The property is expected to undergo major renovations and bring in new retail tenants.
  • Event Sales
  • Building Name Dylan Hotel
  • Address 52 East 41st Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 78,000,000
notes
The two companies, both based in Spain, bought the hotel for $78 million.
  • Event Sales
  • Address 129 West 29th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 85,000
  • Price $ 26,000,000
  • Price per foot $ 302.00
notes
The elevator loft building sold for $26 million, or $302 per square foot. The buyer plans to upgrade it to a Class B property.
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11/04/15
Residential developers focused their activity on smaller projects outside of Manhattan this October, with permit activity heavily concentrated in Brooklyn. The three tallest residential plans filed...
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