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Trump Soho

246 Spring Street
New York, NY 10013
Hotel, Sales
Trump Soho
Trump Soho is a 46-story condo-hotel at 246 Spring Street in its namesake neighborhood in downtown Manhattan. The Trump Organization, the Sapir Organization and the Bayrock Group developed it at a cost of approximately $450 million. Completed in 2010 after four years of planning and construction, the tower includes 391 units that owners may not occupy for more than 29 days in a 36-day period or for more than 120 days annually. At other times, the owner may rent out the unit as a hotel suitethus the condo-hotel nature of the Trump Soho, one of the first of its kind in New York City. The towers development and sales were not without controversy. A construction accident in 2008 killed one worker and injured three others. In late 2011, several buyers sued the developers, claiming deceptive sales practices; the lawsuits were eventually settled, with a majority of the plaintiffs deposits returned. California-based CIM Group acquired the property in 2015 through the foreclosure process.
  • Address 246 Spring Street
  • neighborhood Soho
  • borough Manhattan
  • owner/developer CIM Group
  • floors 46
  • Year Built 2007
  • file ag plans 09/04/2015
  • commercial units 6
  • square feet 395,075
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01/23/16
The Trump Organization’s main office used to fit nicely on the 26th floor of Trump Tower in Midtown until three of Donald Sr.’s children came...
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10/05/15
The Donald’s been hacked – and you may have been as well, if you stayed at one of his hotels recently. Tags: Donald Trump, trump...
Trump Soho
08/07/15
UPDATED, 3:23 p.m., August 7: The tax-assessed value of the 263 residential condominium units owned by CIM Group at the Trump Soho is $102.3 million, according...
From left: Soho Trump Hotel and Donald Trump
07/27/15
Donald Trump may have been more involved in the 2008 death of a construction worker at the Sapir Organization’s Trump Soho hotel than he originally...
02/16/15
Current reader favorites: 1. Top 10 biggest real estate projects coming to NYC 2. Not exactly on Park Avenue? No problem 3. Bargain hunting: 7...
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02/15/15
The Trump Soho is in trouble again, but this time it’s for serving an orthodox Jewish man a cold non-kosher turkey sandwich and lying about...
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01/28/15
Owners of the Trump Soho are mulling ditching the property’s condominium component and operating it solely as a hotel. Los Angeles-based CIM Group took control of...
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12/19/14
New York’s real estate community said goodbye in 2014 to several pioneering developers and agents who helped to shape the city’s skyline. But the year...
11/24/14
Current reader favorites: 1. Kyle Blackmon leaves BHS for Urban Compass 2. City to sell land and development rights worth $110M for $1 3. CIM...
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11/21/14
CIM Group, a real estate investor, has won a foreclosure auction that allows it to take control of New York’s Trump Soho hotel and condominium. Tags:...
tamir-FB
09/29/14
Tamir Sapir, a Soviet émigré who made his fortune bartering fertilizer and oil in the 1980s and invested in New York City commercial real estate...
09/18/14
Current reader favorites: 1. Waterbridge in $100M-plus contract on Williamsburg’s North 3rd St. 2. Extell makes play for Port Authority’s Hudson Yard air rights 3....
From left: Soho Trump Hotel and Donald Trump
09/16/14
The Trump Soho is reportedly being sold. CIM Group, one of the lenders to the upscale condominium-hotel, is foreclosing on the property and plans to auction it...
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07/25/14
The rooftop pool at luxury condominium development 5 Franklin Place In an effort to cut back on water use, New York City’s Department of Environmental...
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03/17/14
A former consultant for the real estate development firm the Bayrock Group has filed a $5 million civil lawsuit, accusing one-time Bayrock executive Jody Kriss...
From left:
02/12/14
Life on a tiny island inhabited by more than 1.6 million doesn’t have to mean sacrificing space, provided a buyer’s pockets are deep enough. Tags:...
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01/06/14
New York City real estate can sometimes feel like a blood sport, with a host of rivals vying to get the upper hand. Luckily, here...
From left: BOND New York's co-founders Bruno Ricciotti and Noah Freedman and the Bitcoin logo
01/02/14
Manhattan-based brokerage BOND New York is jumping on the Bitcoin wagon. The firm will now accept the burgeoning online currency as payment for real estate...
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12/18/13
Cash-strapped buyers eyeing a particular four-bedroom home in Southampton need not fear: the seller will also accept Bitcoin for the $799,000 asking price. Tags: BitCoin,...
From left: BitCoin,  RentHop's Lawrence Zhou and Lee Lin, and a screenshot of the RentHop app
12/16/13
Online apartment search marketplace RentHop will accept payment in Bitcoin from landlords and brokers advertising New York City rental apartments, the startup announced today. To...
From left: Donald Trump and Moscow's
11/12/13
A replica of Bayrock/Sapir’s Trump Soho hotel may be Moscow’s first big new hotel in ten years. Tags: alex sapir, Donald Trump, rotem rosen, sapir...
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10/12/13
As the first anniversary of Hurricane Sandy approaches, businesses affected by the storm are rushing to file lawsuits before the one-year window closes, after which...
09/27/13
Top stories yesterday on The Real Deal: 1. $130M River House club will be NYC’s largest and priciest home 2. Fredrik Eklund snaps up 10...
From left: Dolly Lenz, the penthouse at Trump Soho and Jessica Alba
09/26/13
Actress Jessica Alba is eyeing a $50 million penthouse at Trump Soho listed by superbroker Dolly Lenz. Alba and her husband, producer Cash Warren, were spotted...
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09/19/13
A Manhattan-based developer who has raised $171 million through crowdfunding for a skyscraper project in South America plans to replicate the fundraising strategy for a...
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CIM founders (left to right): Richard Ressler, Shaul Kuba and Avi Shemesh The principals of the Los Angeles-based private equity firm the CIM Group know a...

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