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New York

In Tribeca, the Pontes make changes to their longtime holdings

The real estate family is planning an apartment building at 460 Washington Street

Ponte’s Restaurant at 39 Desbrosses Street
Ponte’s Restaurant at 39 Desbrosses Street

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From the January issue: New York City is known for its loud, splashy developers. But quieter landlords often have equally valuable holdings. The low-profile Ponte family, for example, started buying parking garages, former warehouses and auto shops in northwestern Tribeca in the 1960s. Today, the family owns at least 30 properties in the now-trendy area, according to public records. The family’s firm, Ponte Equities, has rarely sold or developed any of its properties over the years and is sitting on a goldmine today, industry experts said. [more]

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