Michael Shvo claims he is involved in the development of $4 billion worth of projects in the city at the moment.
The former broker’s firm, Shvo, is developing a 47,000-square-foot condominium building on the old Getty gas station site in Chelsea and, in partnership with Davide Bizzi’s Bizzi’s Bizzi & Partners and Howard Lorber’s New Valley, the 91-story condo tower at 125 Greenwich Street.
Shvo and Russian developer Vladislav Doronin bought 20 floors of the Crown Building in April 2015, paying $500 million, with plans to turn them into a hotel and high-end residences.
At the same time, Shvo bounces around to each of his several homes, which include a condo at the Time Warner Center, a house in the Hamptons and a planned residence on a private Bahamas island he owns, the Wall Street Journal reported in a profile of him.
On the 68th floor at the Time Warner Center, he is currently combining two apartments. He bought the first unit, a three-bedroom apartment for $6.5 million in 2007 and renovated it. Shvo bought the second unit, a two-bedroom apartment for $7.5 million in January. Once completed the combined unit will be 4,100 square feet and take up half of the floor, according to the newspaper.