The Real Deal New York

Minskoff’s big gamble on 51 Astor Place paying off

Once-struggling spec tower in the East Village now a magnet for tech firms

April 15, 2014 10:30AM
By Christopher Cameron

51 Astor Place and Edward Minskoff

51 Astor Place and Edward Minskoff

From the April issue: When developer Edward Minskoff set out to build a new office tower in the East Village, with asking rents ranging from just under $90 to $120 per square foot — roughly double the average in the surrounding area — many in the industry questioned his logic. And for good reason. [more]