advanced search Maefield Development
Maefield Development is a privately owned real estate developer that began operating in 1991. While their headquarters are located in Indiana, they have developed mixed-use property in New York, California, Ohio, Kansas and Florida. Maefield Development has been involved in the development or sale of over 6 million square feet of retail and office space and over 4,600 single and multi-family residences. The company describes itself as agile and flexible and their list of projects is a testament to that, having developed beach front condos and suburban shopping centers. Possibly their most prolific project, Maefield developed 20 Times Square with Witkoff Group, Vector Group, Ian Schrager and Winthrop Realty Trust.
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- Event Financing
- Address 701 Seventh Avenue
- Neighborhood Times Square
- Borough Manhattan
- Square feet 369,864
- Price $ 2,000,000,000
- Publication Date 05/15/2018
- Event Date 04/30/2018
- Party 1 Maefield Development
- Party 2 Natixis
notes
The owner secured $2 billion in acquisition financing for the Times Square property.
- Event Sales
- Address 701 Seventh Avenue
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 369,864
- Price $ 1,530,000,000
- Publication Date 03/13/2018
- Event Date 02/21/2018
- Party 1 Steve Witkoff, Ian Schrager, New Valley, Winthrop Realty Trust
- Party 2 Maefield Development, Fortress Investment Group
- Party 1 Entity 20 TSQ Owner Mezz
notes
The partnership acquired the Midtown West Marriott Edition Hotel for $1.53 billion.
- Event Sales
- Address 1568 Broadway
- Neighborhood Times Square
- Borough Manhattan
- Price $ 54,000,000
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 Doubletree Guest Suites
- Party 2 Maefield Development
notes
The 468-room hotel sold for $54 million.