Tessler Developments | The Real Deal New York

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Tessler Developments

461 Park Avenue South
New York, NY 10016
(212) 869-1900
Website
reception@tesslerdevelopments.com

Tessler Developments is a real estate development firm that specializes in ultra-luxury condominium projects. Founded and owned by Yitzchak Tessler, the firm made a name for itself with condo conversions in the late 1990s, starting with 66 Leonard Street in TriBeCa and later 150 Nassau Street in the financial district. Among the firm’s most notable buildings are the historic Textile Building, at 295 Fifth Avenue, as well as the Bryant Park Hotel. Tessler Developments also has educational housing at 55 John Street for Pace University and 1760 Third Avenue for LIM College. One of its more recent developments, the glass tower known as One Seventy-Two Madison, will include a “penthouse in reverse” massive apartment on one of its lower floors and a 40-foot base to avoid privacy issues in many of the tower’s other units. Tessler purchased the spot in 2014 and soon raised funds to build the tower. Not all of Tessler’s conversions have been successful. Financing issues jettisoned a planned conversion at 1107 Broadway for one of the International Toy Center buildings.


03/22/17
...Madison Avenue and Yitzchak Tessler Yitzchak Tessler’s Tessler Developments closed on a $164.3 million condominium inventory loan for its project at 172 Madison Avenue, property...

03/15/16
...Efraim Tessler is Yitzchak’s son. Key Clients: Tessler Developments Top projects: 172 Madison Avenue 101 West 78th Street 7. Brown Harris Stevens -- $330.98M Brown Harris...

10/09/15
...Real Estate to fund the deal. Chetrit and Tessler Developments paid $88.7 million for 416 and 432 West 52nd Street in 2007. Plans to convert the properties into...

09/10/15
...at 416 and 432 West 52nd Street in partnership with Tessler Developments for $88.7 million in 2007, with plans to convert them into rentals. The plans stalled in...

08/18/15
...at 416 and 432 West 52nd Street in partnership with Tessler Developments for $88.7 million in 2007, with plans to convert them into rentals. The plans stalled in...

08/03/15
...From left: Rendering of 172 Madison Avenue (credit: Tessler Developments) and the "mansion" unit. Tessler Developments will employ novel architectural stylings to help fit...

10/07/14
...amp; Associates is handling sales. Chetrit partnered with Tessler Developments in 2007 to buy the property — as well as another hospital building at 416 West 52nd...

06/24/14
...by brothers Joseph and Meyer Chetrit, partnered with Tessler Developments in 2007 to buy the property -- as well as another hospital building at 416 West...

04/11/13
...Development Marketing is handling sales at the building. Tessler Developments originally acquired the building for $235 million in 2007 and planned a luxe condo development. But...

04/09/13
...Financial launched foreclosure proceedings against the former owners Tessler Developments and the Chetrit Group. In 2011, reports said Fetner was negotiating with Ian Schrager to...

03/18/13
...Broadway, a property that comes with some history. Tessler Developments bought the property in 2007 for $235 million with plans for a luxe condo development. However...

12/28/12
...Street," said Ari Herrman, chief financial officer at Tessler Developments. Tessler is behind 323 Park Avenue South, a modernist building designed by Charles Gwathmey that...

12/13/12
...as 323 Park Avenue South, this condominium project from Tessler Developments contains 16 half–floor residences — 1,350 square feet each — a full-floor, 3,100-square-foot and more than 2,500 square...

06/06/12
...the Hell's Kitchen site, the Chetrits partnered with Tessler Developments to buy the empty lot and two large former St. Vincent's hospital buildings with...

03/01/12
...selling and marketing the building, announced today. The Tessler Developments...

09/28/11
...of the Witkoff Group, 1107 Broadway, Yitzhak Tessler of Tessler Developments and Eastdil Secured's Adam Spies and Douglas HarmonSteve Witkoff's Witkoff Group has completed its...

09/08/11
...Manhattan-based Tessler Developments has come to a tentative agreement with Jersey City officials to construct a proton...

09/07/11
...BroadwayYitzhak Tessler, the 62-year-old CEO and president of Tessler Developments, spoke with The Real Deal in his first face-to-face interview since he started building...

08/22/11
...site. Lehman previously lent more than $300 million to Tessler Developments for a conversion project, but Tessler defaulted on its debt before construction began...

07/22/11
...at 66 Leonard Street, owned by Yitzchak Tessler of Tessler Developments, is comprised of an 8,000-square-foot ground floor restaurant space and two equally-sized floors beneath...

07/21/11
...Financial and took title in December 2010 from owners Tessler Developments and the Chetrit Group. It plans to construct a 500,000-square-foot mixed-use tower on the...

06/30/11
...Lehman lent $300 million to a venture led by Tessler Developments. and   ...

04/28/10
...redevelopment conversion began. Tessler, CEO and president of Tessler Developments, is one of the city's high-profile private developers, specializing in converting commercial properties to...

08/19/09
...of BLDG Management; $2,450 from Yitzchak Tessler, CEO of Tessler Developments and $1,000 from David Greenbaum, president of the New York office of Vornado Realty Trust...

12/29/08
...a mixed-use tower near Herald Square.In March 2007, Tessler Developments and the Chetrit Group entered into a loan agreement with Fremont Investment & Loan...
  • Event Financing
  • Address 855 Sixth Avenue
  • Neighborhood Penn Plaza
  • Borough Manhattan
notes
A $105.3 million loan was arranged for the block-front parcel. The site will be developed into a 37-story, 500,000-square-foot mixed-use project with high-end retail on the ground and second floors, Class A office space on floors three through 14 and luxury residential units on the upper levels. Development site
Manhattan, 10038
55 JOHN OWNER LLC
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Manhattan, 10019
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Manhattan, 10010
Tessler Developments
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Manhattan, 10010
323 PAS ASSOCIATES, LLC
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Manhattan, 10003
Tessler Developments, 260 PARK AVE SOUTH LLC
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Manhattan, 10017
MANUFACTURES HANOVER
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Manhattan, 10013
James Lee
66 Leonard Street is a residential building, known as the Textile Building or...
Manhattan, 10019
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Manhattan, 10010
323 PAS ASSOCIATES, LLC
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