Michael Shvo moving ahead with Soho residential tower

High-flier files demolition plans to make room for 290-foot tall building at 100 Varick St.

TRD New York /
Jun.June 06, 2014 02:10 PM

A partnership involving brokers-turned-developers Michael Shvo and Erez Itzhaki filed demolition plans at the Soho development site that could become a new residential tower of up to 280,000 square feet, according to property records filed with the city Thursday.

Shvo, Itzhaki and their equity partners, Halpern Real Estate Ventures, Bizzi & Partners and Aronov Development bought a 20,000-square-foot assemblage site at 100 Varick Street for $130 million in January. The site is located on the western end of the blockfront bounded by Watt, Broome and Varick streets. The joint venture filed plans with the city’s Department of Buildings yesterday to demolish three, three-story buildings that currently occupy 60, 62 And 64 Watts Street.

Shvo, the epitome of the work-hard-play-hard culture of the last real estate boom, was missing in action for a number of years after the market tanked. But last May, in his new avatar as a developer, he made a comeback and purchased a West Chelsea parcel in partnership with Victor Homes. Shvo intends to build luxury condos at that site, located at 239 10th Avenue, and is aiming for prices of up to $3,000 a square foot, sources said.


Related Articles

arrow_forward_ios
Serdar Bilgili and Michael Shvo (Illustration by Paul Dilakian for The Real Deal)

Inside the ugly dispute between Michael Shvo and his partner pal

Inside the ugly dispute between Michael Shvo and his partner pal
What tenants are paying at Shvo’s “Big Red” building

What tenants are paying at Shvo’s “Big Red” building

What tenants are paying at Shvo’s “Big Red” building
Michael Shvo and a rendering of the project

Michael Shvo’s proposed Miami Beach tower gets haircut and approval

Michael Shvo’s proposed Miami Beach tower gets haircut and approval
AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago

AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago

AIG, Goldman lend on Shvo’s “Big Red” buy in Chicago
Michael Shvo and Serdar Bilgili in December 2019 (Getty, iStock)

Bilgili wants Shvo to open his books

Bilgili wants Shvo to open his books
Michael Shvo and a rendering of the tower (City of Miami)

Shvo’s proposal for Miami Beach resi tower faces opposition

Shvo’s proposal for Miami Beach resi tower faces opposition
Michael Shvo, 333 South Wabash Ave. and Transamerica Pyramid (Google Maps)

Michael Shvo pushed out partner at 2 office tower acquisitions: lawsuit

Michael Shvo pushed out partner at 2 office tower acquisitions: lawsuit
The Transamerica Building in San Francisco and Michael Shvo (Rawpixel Ltd via Flickr)

Shvo to buy Transamerica Building at 10% discount after Covid delay

Shvo to buy Transamerica Building at 10% discount after Covid delay
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...