WATCH: Taconic co-founders on the deal that jumpstarted their multi-year bet on the Meatpacking District

Paul Pariser and Charlie Bendit discuss the neighborhood's "slow transformation"

TRD New York /
Jul.July 27, 2017 02:07 PM

Less than six months after launching Taconic Investment Partners, co-founders Paul Pariser and Charlie Bendit closed on their first move into the Meatpacking District.

The pair, who established the firm in 1997 after a long tenure with JLL’s predecessor, Jones Lang Wootton, picked up a 4 million-square-foot portfolio, which included a trio of Financial District buildings at 95 Wall Street, 99 Wall Street, 100 William Street, as well as a 2.9-million-square-foot building in the Meatpacking District at 111 Eighth Avenue. Taconic would later sell 111 Eighth Avenue to Google for $1.8 billion.

“We sort of saw the slow transformation of the Meatpacking District,” Pariser told The Real Deal’s Hiten Samtani during a recent interview. “It was a rough crowd, with drug dealers and weird club called ‘Mother’ that I wasn’t allowed into because I never went in costume A Really Strange Place, but we started to see transformation, we started to see change.”

To watch the partners talk more about the deal, watch the video above. To see the conversation in full, click here.

Produced by Alistair Gardiner and Kerry Barger. Interview conducted by Hiten Samtani

For more videos, visit The Real Deal’s YouTube page.


Related Articles

arrow_forward_ios
Gov. Andrew Cuomo (Getty; iStock)

New York City lifts lockdown for some Covid hot spots

New York City lifts lockdown for some Covid hot spots
518 Broadway (Google Maps)

Four years vacant: Landlord offers dire outlook for Soho building

Four years vacant: Landlord offers dire outlook for Soho building
Sam Chang and TownePlace Suites by Marriott at 324 West 44th Street (Google Maps)

Hotelier Sam Chang’s businesses snagged millions in PPP loans

Hotelier Sam Chang’s businesses snagged millions in PPP loans
Vornado CEO Steven Roth with 1535 Broadway and 220 Central Park South (Getty, VNO, Google Maps)

Vornado sees $100M retail JV loss, $190M in 220 CPS gains

Vornado sees $100M retail JV loss, $190M in 220 CPS gains
Gov. Andrew Cuomo (Getty, iStock)

Commercial eviction and foreclosure ban extended until January

Commercial eviction and foreclosure ban extended until January
The Manhattan office market’s overall vacancy rate rose to a 24-year high of 13.3% in the third quarter (iStock)

Cushman & Wakefield paints bleak picture for Manhattan office market

Cushman & Wakefield paints bleak picture for Manhattan office market
Travis Kalanick (Getty; iStock)

Travis Kalanick cooks up a real estate empire

Travis Kalanick cooks up a real estate empire
Nightingale's Elie Schwartz and Madison's Brian Shatz (Whale Square)

Nightingale buys Whale Square in Sunset Park for $84M

Nightingale buys Whale Square in Sunset Park for $84M
arrow_forward_ios

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

Loading...