The Real Deal Miami

Greene picks up foreclosed NYC condo conversion project

April 27, 2011 02:42PM

South Florida billionaire and one-time U.S. Senate hopeful Jeff Greene has purchased the planned Soho condominium conversion site at 62 Wooster Street for $26.27 million, according to Real Estate Weekly. Developers Trinity Development Group and Stillwater Capital had once envisioned the building, also known as 476 Broome Street, as a five-unit luxury residence whose apartments would average 7,500 square feet apiece and come with private rooftop swimming pools. But Stillwater later ran into financial trouble, and the building went into foreclosure. An auction was scheduled for March 17 with a lien of $32.3 million. It’s currently unclear what Greene, who picked up the property through his Coral Gables-based Florida Sunshine Investment, has up his sleeve for the future. [REW]