Morris Moinian | The Real Deal New York

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Morris Moinian

President
Fortuna Realty Group
527 Madison Avenue
New York, NY 10022
(212) 922-1220
Website

Morris Moinian is president at Fortuna Realty Group. Moinian, whose family is enmeshed in the real estate industry (his brother is famed developer Joseph Moinian, and his nephew Matthew is one of the heirs apparent to the empire), has made his name developing and renovating hotels. Moinian began his career as co-founder of Chattanooga Manufacturing, one of the largest women's apparel suppliers. More than a decade later, he began using his Chattanooga earnings to invest in real estate, focusing on residential buildings in Upper Manhattan. In 1995, Moinian switched completely to real estate (having already founded Fortuna Realty Group in 1984) and began developing hotels and resorts in New York and around the Caribbean. However, Moinian also branched out with a financial arm at Fortuna Funding, which originates loans, as well as indoor cycling studio Revolve, which he hopes to expand beyond its two locations in New York and Washington, D.C. Moinian is a board member of the Grand Central Partnership and the Sephardic Society of Manhattan.


12/21/16
...Morris Moinian and rendering of 25 West 38th Street Morris Moinian’s Fortuna Realty Group landed a $65 million construction loan from M&T Bank...

06/21/16
From the June issue’s “In their words” feature, a roundup of the funniest, pithiest and most insightful comments on real estate: To check out more...

05/10/16
...From left: 139-141 Orchard Street, Morry Kalimian and Morris Moinian and a rendering of the hotel Morris Moinian and his investment partner were the...

02/05/16
...the Hotel Hugo, where Fortuna Realty Group president Morris Moinian entertained a small gathering of friends and associates, including architect Ismael Leyva and the...

11/12/15
...Clockwise from the top left: Morris Moinian, a rendering of the West Farms redevelopment in the South Bronx, Mark Stagg and...

11/04/15
...future buildings totaling 386 keys, the biggest coming from Morris Moinian’s Fortuna Group, which is looking to construct a 310-unit hotel tower on Madison...

10/30/15
...the story: Fortuna Realty Group 25 West 38th Street Morris Moinian’s Fortuna Realty Group, in partnership with Starwood Hotel & Resorts, is developing a...

10/22/15
...from top left: LLNYC cover star Nicole Miller; Morris Moinian, Amir Korangy, Joseph Moinian and Matthew Moinian; Stan Gale Jr. and Jackie Gale; Elena...

10/08/15
...of 1150 Sixth Avenue (credit: Fortuna) (inset, from left: Morris Moinian and Ismael Leyva) Developer Morris Moinian’s Fortuna Realty Group officially filed plans Thursday...

05/08/15
...Morris Moinian and renderings of 25-27 West 38th Street Morris Moinian’s Fortuna Realty Group has...

05/04/15
...From left: Morris Moinian and Ismael Leyva Morris Moinian’s Fortuna Realty Group has selected Ismael Leyva Architects to design its new Midtown...

04/10/15
...Wakefield’s Bob Knakal, Fortuna Realty Group founder Morris Moinian, Eastern Consolidated's James Famularo, ODA New York founder Eran Chen and designer sisters Bita...

12/31/14
...has also been booming in the neighborhood, with Morris Moinian’s Fortuna Realty Group planning a 37-story luxury hotel at 1150 Sixth Avenue, and Ziel...

10/17/14
...Hudson Street next summer. Fortuna Realty Group’s Morris Moinian, in partnership with developer Matthew Moinian, opened the 122-room Hotel Hugo this spring. “There...

08/18/14
...Renderings for 1150 Sixth Avenue A first glimpse of Morris Moinian...

04/09/14
...as soon as next week. Highgate Hotels and Morris Moinian’s Fortuna Realty were among about six bidders to check out the 600-room property...

03/30/14
...is being developed by Fortuna Realty Group’s Morris Moinian, in partnership with developer Matthew Moinian, and is also set to open in April...

03/24/14
...and ground-floor lobby (Credit: Curbed) Fortuna Realty Group's Morris Moinian, in partnership with developer Matthew Moinian, will open the 122-key Hotel Hugo on April...

03/04/14
...From left: Morris Moinian, 24-28 West 39th Street and Robert Shapiro Developer Fortuna Realty Group bought two Midtown...

02/04/14
...left: Rendering of Hotel Hugo at 525 Greenwich Street, Morris Moinian and initial rendering Fortuna Realty Group and hotelier Matthew Moinian’s Hudson Square hotel...

12/11/13
...developer Joe Sitt, an investor in Town; developer Morris Moinian; and, of course, scads of Town brokers from across the city. An open bar...

10/15/13
...Morris Moinian and Havana Restaurant at 27 West 38th Street Developer Morris Moinian's plans to raze two...

08/15/13
...Street, which is slated to be developed by Morris Moinian...

12/04/12
...down, readies to sell the property’s lease 6. Morris Moinian’s Fortuna Realty Group sells two-building Morningside Heights portfolio to investor Joseph Franco for...

07/06/12
...Hotel, which sold to a group led by Morris Moinian of the Manhattan-based Fortuna Realty Group in June, was also eyed by Donald Trump...
  • Event Sales
  • Address 1150 Sixth Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 48,000
  • Price $ 39,000,000
  • Price per foot $ 812.50
  • Publication Date 05/01/2012
  • Event Date 03/22/2012
  • Party 2 Morris Moinian
notes
The property sold for $39 million, the New York Post reported. The buyer plans to build a new hotel or office building on the site.
  • Event Sales
  • Building Name 112-126 Ninth Avenue
  • Address 112 Ninth Avenue
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 60,000
  • Price $ 40,000,000
  • Price per foot $ 666.67
notes
The prewar building, which has 64 residential units and eight retail units, went into contract for $40 million. The property is expected to undergo major renovations and bring in new retail tenants.
  • Event Sales
  • Address 215 West 108th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 31,425
  • Price $ 16,500,000
  • Price per foot $ 525.06
notes
The five- and six-story multifamily residential buildings sold for $16.5 million, or $525 per square foot. The price represents a capitalization rate of 5.7 percent and a gross rent multiple of 14.5. The units are primarily renovated two- and three-bedroom apartments; 31 units are free market. The properties have an additional 23,000 square feet of air rights. Includes 210 West 109th Street.
  • Event Sales
  • Address 210 West 109th Street
  • Neighborhood Morningside Heights
  • Borough Manhattan
  • Price $ 8,250,000
notes
The Upper West Side building sold for $8.25 million.
  • Event Sales
  • Building Name Dylan Hotel
  • Address 52 East 41st Street
  • Neighborhood Grand Central
  • Borough Manhattan
  • Price $ 78,000,000
notes
The two companies, both based in Spain, bought the hotel for $78 million.
  • Event Sales
  • Address 129 West 29th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 85,000
  • Price $ 26,000,000
  • Price per foot $ 305.88
notes
The multifamily residential loft building sold for $26 million, or $302 per square foot. The buyer plans to upgrade it to a Class B property.
Manhattan, 10013
Morris Moinian, FORTUNA REALTY HOTEL SOHO LLC
...

11/04/15
...future buildings totaling 386 keys, the biggest coming from Morris Moinian’s Fortuna Group, which is looking to construct a 310-unit hotel tower on Madison...
Manhattan, 10013
Morris Moinian, FORTUNA REALTY HOTEL SOHO LLC
...
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