Centaur and Cipriani tapped to complete Battery Maritime project

The redevelopment has been stalled since 2015

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

Battery Maritime Building

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


California passes landmark rent control law

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

The construction giants catching a Windy City windfall

David Marx of MDG Real Estate and the site at 71-05 Parsons Boulevard in Queens (Credit: Google Images and iStock)

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Resi scorecard: Brooklyn and Queens condo inventory through June 2019

Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news

Jeff Bezos and Amazon HQ in Silicon Valley (Credit: Getty Images)

Why Amazon HQ2 is already rattling the local housing market

Penny Bradley (Credit: Getty Images)

Upper East Side developer funded “lavish lifestyle” through mortgage fraud: Manhattan district attorney