Centaur and Cipriani tapped to complete Battery Maritime project

The redevelopment has been stalled since 2015

New York /
Oct.October 16, 2017 03:00 PM

The New York City Economic Development Corporation has finally found a developer willing to take on the long stalled redevelopment of the Battery Maritime Building at 10 South Street.

Developer Centaur Properties and the high-end hospitality company Cipriani USA will take over the sublease from the Dermot Company, according to Politico.

Under Bloomberg, the EDC had selected Dermot to redevelop the historic building into a complex that would include a boutique hotel, a rooftop restaurant, specialty food stores, and public space. But since construction stalled as costs spiraled in 2015, the project went into hibernation.

Now, Centaur and Cipriani will modify and complete the plans.

Centaur is the developer behind the Jardim, a two-building condo complex in Chelsea at 525 West 27th Street – a building that garnered headlines due to an unusual private drive runs the length of the buildings.

Cipriani is, of course, the owner high-end restaurants and event spaces in Midtown and the Financial District. [Politico]Christopher Cameron


Related Articles

arrow_forward_ios
Huge home headache hassles North Fork locals
Huge home headache hassles North Fork locals
Huge home headache hassles North Fork locals
Vornado's Steve Roth and a rendering of 93-30 93rd Street (Getty, JLL)
Vornado looks to sell Rego Park development site for $85M
Vornado looks to sell Rego Park development site for $85M
1301 Metropolitan Avenue and 151 East 90th Street (Google Maps)
Industrial, multifamily, retail sales punctuated midsize deals last week
Industrial, multifamily, retail sales punctuated midsize deals last week
BLDG Management founder Lloyd Goldman (iStock)
BLDG plans 800K-sf tower in Long Island City
BLDG plans 800K-sf tower in Long Island City
Gary Barnett and Jay and Stuart Podolsky in front of 1645 First Avenue (Getty, Google Maps)
Gary Barnett site has one problem: the Podolsky brothers
Gary Barnett site has one problem: the Podolsky brothers
Oceanwide’s US business is sinking. Can it right the ship?
Oceanwide’s US business is sinking. Can it right the ship?
Oceanwide’s US business is sinking. Can it right the ship?
Renderings of The Eliza Apartments at the Redeveloped Inwood Library (New York Housing Conference)
Inwood affordable housing project moves forward after rezoning fight
Inwood affordable housing project moves forward after rezoning fight
Demir Sabanci and 41-47 West 57th Street (Sedesco, Google Maps)
Sedesco seeks floor area bonus for new Billionaires’ Row skyscraper
Sedesco seeks floor area bonus for new Billionaires’ Row skyscraper
arrow_forward_ios

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

Loading...