Metro Loft Management | The Real Deal New York

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Metro Loft Management

5 Hanover Square, Third Floor
New York, NY 10004
(212) 706-3030
Website
Metro-Loft-Management

Metro Loft Management is a real estate developer and manager founded in 1995 by former Ukrainian art dealer Nathan Berman. The firm has made its name refurnishing (and in some cases, re-imagining) some of New York Citys iconic and landmark buildings, most of which are in the Financial District or Tribeca. The first of those was in 1997, when Metro Loft purchased a 15-story corporate Art Deco building in the Financial District, which two years later reaped rewards as a 111-unit residential conversion. Among the most recent conversions are the apartment building at 443 Greenwich Street, which Metro Loft in 2014 converted into luxury apartments. He also bought the former American International Group headquarters at 70 Pine Street in 2012 for $205 million, making it (at the time) the citys largest residential conversion with a hotel at the base. In 2015 Metro Loft closed on a $200 million ground lease for former New York Stock Exchange building 20 Broad Street, which the firm plans to convert into apartments.


01/09/19
...Hamilton previously paid $43.9 million for a condo at Metro Loft Management’s 443 Greenwich Street, a star-studded condo conversion in Tribeca, where buyers reportedly include Harry...

12/26/18
...October, Sonder announced that it master-leased 169 apartments in Metro Loft Management’s 20 Broad Street for its first New York City location. To get around the...

12/17/18
...private, outdoor pool. Developed by Nathan Berman’s Metro Loft Management, the 1880s bookbindery has attracted the likes of Jennifer Lawrence, Jake Gyllenhaal and Harry...

11/28/18
...tradeoff," said Mitchell Wasser, director of leasing at Metro Loft Management, which is developing a 565-unit rental complex at 180 Water Street in the Financial District...

10/24/18
...company inked a master lease for 169 units at Metro Loft Management’s office-to-apartments conversion 20 Broad Street, where it will occupy the lower eight residential floors...

10/15/18
...loan on the 573-unit rental 180 Water Street, where Metro Loft Management bought out partner Vanbarton Group last year. Interestingly, that was down from the $4 billion-plus...

...loan on the 573-unit rental 180 Water Street, where Metro Loft Management bought out partner Vanbarton Group last year. Interestingly, that was down from the $4 billion-plus...

06/27/18
...is currently attempting it at 1 Wall Street, and Metro Loft Management is nearly done with its effort at 20 Broad Street...

06/22/18
...out of the project in 2017 by Nathan Berman's Metro Loft Management for $450 million. Aside from blocking an eviction, Schulman is also seeking $15 million in damages...

06/13/18
...is consistent throughout the building, which Berman’s Metro Loft Management converted into 53 luxury condos in 2014. On average, the usable space in each apartment is...

01/16/18
...in September. Sources said investors such as Witkoff, Metro Loft Management, Apollo Global Management, Savanna and Vanbarton Group bid on the property. The price per...

12/29/17
...Water Street 10. 180 Water Street, $416M (partial stake) Buyer: Metro Loft Management Seller: Vanbarton Group Broker: Cushman & Wakefield With another office-to-luxury rental conversion in the...

11/16/17
...at 180 Water Street earlier this year, Nathan Berman's Metro Loft Management bought out its partner Vanbarton Group and has since refinanced the conversion property with...

10/16/17
...to flock nowadays – both Related Companies 70 Vestry and Metro Loft Management’s 443 Greenwich Street are said to be celeb magnets – so having star power in...

10/10/17
...Water Street UPDATED, Oct. 10, 5:15 p.m.: Nathan Berman's Metro Loft Management refinanced its rental conversion at 180 Water Street with a $385 million loan package, according property...

09/19/17
...tower at 180 Water Street, where Nathan Berman’s Metro Loft Management bought the partner out for $450 million. The company last year paid $180 million to buy...

08/01/17
...Berman is the managing principal of the Manhattan-based Metro Loft Management, which he founded in 1997. The developer — who’s been called the King of FiDi...

07/03/17
...Finally in our Closing, the managing principal of Metro Loft Management Nathan Berman talks about moving from Western Ukraine -- the former USSR -- to...

...Berman is the managing principal of the Manhattan-based Metro Loft Management, which he founded in 1997. The developer — who’s been called the King of FiDi...

06/28/17
...Loft's Nathan Berman and 180 Water Street Nathan Berman's Metro Loft Management is paying $450 million to buy its partner Vanbarton Group out of the rental apartment...

05/15/17
...Styles, sources told The Real Deal. Nathan Berman's Metro loft Management, the developer of the building, which has an "paparazzi-proof" underground motor court, declined to...

05/12/17
...beams. The Greenwich Street building was converted by Metro Loft Management from a 1880's book bindery. D'Arc declined to comment...

02/17/17
...tradeoff," said Mitchell Wasser, director of leasing at Metro Loft Management, which is developing a 565-unit rental complex at 180 Water Street in the Financial District...

02/13/17
...The no. 2 contract was on apartment 5A at Metro Loft Management’s 443 Greenwich Street, which was asking $15 million. The apartment belongs to actor Mike Myers...

12/30/16
...Nathan Berman UPDATED, Jan. 5, 3:30 p.m.: Nathan Berman's Metro Loft Management nabbed $270 million in financing for a planned office-to-resi conversion of the former New York...
  • Event Financing
  • Address 180 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 453,857
  • Price $ 315,000,000
notes
The real estate firm acquired a $315 million loan to refinance the converted rental tower.
  • Event Sales
  • Address 180 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 453,857
  • Price $ 450,000,000
notes
The developer bought this property from his majority conversion partners
  • Event Financing
  • Address 20 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 466,820
  • Price $ 187,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Metro Loft Management
  • Party 2 Bank of the Ozarks
notes
Nathan Berman's company secured a $187 construction and refinance loan for its gut-renovation residential project.
  • Event Financing
  • Address 20 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 466,820
  • Price $ 83,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Metro Loft Management
  • Party 2 Brookfield Property Group
  • Party 2 Brokerage JLL
notes
The company secured a $83 mezzanine debt from a fund for the planned office-to-residential conversion.
  • Event Sales
  • Address 70 Pine Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 205,000,000
notes
The property sold for $205 million. According to Real Estate Weekly, the building will be transformed into 700 luxury apartments and a high-end hotel, with the conversion slated to be completed in 2013.
  • Event Retail Leasing
  • Building Name Crest
  • Address 63 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,500
notes
The Parisian chocolate shop signed a 10-year lease for its third Manhattan location.
  • Event Retail Leasing
  • Address 63 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 3,500
notes
The London-based apparel retailer inked a 10-year lease.
  • Event Office Leasing
  • Address 63 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,000
notes
Signs 20-year lease for first financial district branch
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The sponsor(s) filed plans on 03/11/14 for a condo project at 443 Greenwich...