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Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aEvictions surge at Hialeah’s luxury apartment projects Shoma Village, Pura Vida and ManorEvictions surge at Hialeah’s luxury apartment projects Shoma Village, Pura Vida and ManorTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionTony Park and Elad Dror take a gamble on Koreatown office-to-resi conversionH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boom
New York

At 520 Park, Zeckendorfs will test a softening luxury market

The brothers’ latest project is its most ambitious since its blockbuster 15 CPW, but this time there’s more competition — and risk

Arthur William Zeckendort 15 Central Park West 520 Park Avenue
From left: Arthur and William Zeckendorf, 15 Central Park West and 520 Park Avenue

From the March issue: To be a Zeckendorf, one of New York City’s most influential real estate families, is to be both inspired and haunted by the past.

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William Zeckendorf Sr., or “Big Bill,” was a beefy mogul who famously assembled some 75 parcels of land on the East Side into a bundle that eventually became the United Nations. At one point, he owned both the Chrysler Building and the Graybar Building. But when the market stalled in the mid-1960s, his creditors called in their loans and his empire came crashing down. [more]

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Arthur ZeckendorfWilliam ZeckendorfZeckendorf Development