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Sheldon Solow

CEO
Solow Realty & Development
9 West 57th Street
New York, NY
(212) 249-7500
Website

Sheldon Solow is a vetaran Manhattan real estate developer, and the CEO of Solow Realty & Development and an affiliated company, Solow Management. Forbes estimates his net worth at $3.6 billion. Solow was born in Brooklyn in 1928 and is the son of a bricklayer. He got his start in real estate in the early 1970s, when he built a 50-story office building at 9 West 57th Street called the Solow Building. He also owns a portfolio of East Side rental towers. He is known for litigiousness in his business dealings and has been described as reclusive.

Solow's most ambitious project is a development site along the East River that calls for seven towers on nine acres along First Avenue, just south of the United Nations. Construction has been delayed for 10 years due to legal battles between Solow and his partners.

Solow attended New York University but did not earn a degree. He is married to sculptor and jewelry designer Mia Fonssagrives-Solow with whom he has two children. His son, Stefan, works in the family real estate business. Solow collects modernist and Renaissance art.

  • Event Retail Leasing
  • Address 943 Second Avenue
  • Neighborhood Midtown East
  • Borough Manhattan
  • Square feet 1,000
  • Publication Date 12/18/2017
  • Event Date 12/11/2017
  • Party 1 Solow Management
  • Party 1 Brokerage Solow Management
  • Party 1 Broker Steven Weymouth, Sheldon Solow
  • Party 2 Starbucks
  • Party 2 Brokerage SCG Retail
  • Party 2 Broker David Firestein
notes
The coffee chain renewed its lease for 5-years in the Turtle Bay building.
  • Event Office Leasing
  • Address 9 West 57th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 5,000
  • Publication Date 12/01/2014
  • Event Date 10/17/2014
  • Party 1 Sheldon Solow
  • Party 1 Brokerage JLL
  • Party 2 Sportswear Holdings Ltd.
notes
The private equity firm signed a lease to occupy the 50th floor. The reported asking price was $200 per square foot.
  • Event Office Leasing
  • Address 9 West 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 95,200
  • Publication Date 08/01/2013
  • Event Date 06/22/2013
  • Party 1 Sheldon Solow
  • Party 1 Brokerage JLL
  • Party 1 Broker Scott Panzer
  • Party 2 Och-Ziff Capital Management Group/ n/a
notes
The hedge fund signed a lease renewal for the entire 13th and 40th floors and part of the 39th floor, and took the rest of the 39th floor in an expansion.
  • Event Office Leasing
  • Address 9 West 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 32,000
  • Price per foot $ 175.00
notes
The investment manager signed a 10-year lease for the entire 35th floor, Crain's reported.
  • Event Financing
  • Address 9 West 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 1,600,000
notes
A $625 million loan was provided to refinance the building, Bloomberg News reported. Deutsche Bank AG beat out American International Group and JPMorgan Chase to provide the loan. office building.
  • Event Office Leasing
  • Address 380 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 3,815
  • Price per foot $ 69.00
notes
The nonprofit signed a five-year lease to expand into the building's 20th floor.
  • Event Office Leasing
  • Address 380 Madison Avenue
  • Neighborhood Grand Central
  • Borough Manhattan
  • Square feet 65,791
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Sheldon Solow
  • Party 1 Brokerage CBRE
  • Party 2 United Nations
  • Party 2 Brokerage Newmark Grubb Knight Frank
notes
The international peacekeeping organization signed a six-year expansion lease. The U.N. now occupies more than 500,000 square feet at the building.
  • Event Sales
  • Address 19 West 56th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 25,000
  • Price $ 15,000,000
  • Price per foot $ 600.00
notes
The American Cancer Society Building deal to sell its property to United American Land was flipped to Sheldon Solow for $15 million. United was in contract for several years as the ACS waited to relocate to a new building.
  • Event Office Leasing
  • Address 9 West 57th Street
  • Neighborhood Plaza District
  • Borough Manhattan
  • Square feet 12,000
  • Price per foot $ 150.00
notes
The Dallas-based venture capital firm inked a deal for space on the 38th floor.

09/01/2017
Two Trees Management, Rockrose, Solow Realty & Development and the Kraus Organization filled out the Top 10 on the ownership chart. It should be noted that Sheldon Solow’s namesake firm â€' where his son Stefan now works â€' ranked No...

03/01/2017
The firm is handling leasing at JDS Development Group’s 760-unit American Copper Buildings at 626 First Avenue as well as sales and leasing at Sheldon Solow’s 550-plus unit 685 First Avenue, among other high-profile projects...

12/27/2016
From left: 9 West 57th Street, 10 Hudson Yards, 1285 Sixth Avenue, 280 Park Avenue and 225 Liberty Street UPDATED, Dec. 28, 4:50 p.m.: Manhattan’s From left: 9 West 57th Street, 10 Hudson Yards, 1285 Sixth Avenue, 280 Park Avenue and 225 Liberty Street UPDATED, Dec. 28, 4:50 p.m.: Manhattan’s...

11/11/2016
Left to right: MTA CEO Thomas F. Prendergast and Hudson Yards 7 train, Sheldon Solow and the Solow Building We're really starting to see where Left to right: MTA CEO Thomas F. Prendergast and Hudson Yards 7 train, Sheldon Solow and the Solow Building We're really starting to see where...

10/06/2016
In September, more than half of the 2,218 units approved came from just three projects. Sheldon Solow’s 550-unit rental and condo project at 685 First Avenue was the largest among them...

04/01/2016
While many of NYC’s billionaires made their fortunes in finance and media, 11 of them built â€' or inherited â€' real estate empires, including Stephen Ross, Richard LeFrak, Donald Trump, Jerry Speyer, Leonard Stern, Sheldon Solow, John Catsimatidis, Jeff Sutton, Mortimer Zuckerman, David Walentas, Alexander Rovt and Leon Charney (who died last month)...

12/29/2015
New York City's most lucrative office leasing deals of 2015 (Click to expand) Step into my (very pricey) office. The 10 most lucrative New York City office leases signed New York City's most lucrative office leasing deals of 2015 (Click to expand) Step into my (very pricey) office. The 10 most lucrative New York City office leases signed...

12/24/2015
From left: 400 West 61st Street, One Vanderbilt in Midtown East and Queens Park Plaza in Long Island City Though new Manhattan developments were the heaviest From left: 400 West 61st Street, One Vanderbilt in Midtown East and Queens Park Plaza in Long Island City Though new Manhattan developments were the heaviest...

09/02/2015
The largest residential filing of the month goes to Sheldon Solow, who finally has plans for a 42-story, 550-unit apartment tower at 685 First Avenue, a parking lot across from the no longer empty development site at 626 First Avenue that Curbed once affectionately referred to as the First Avenue Mud Pit (Solow sold it to JDS Development in 2013)...

03/01/2015
Left: The William Kaufman Organization made five full floors at 437 Madison Avenue available at above Midtown’s average asking price last month. Middle: Private equity fund Veritas Capital Fund Management inked one of the most expensive recent deals for about 15,000 square feet at Sheldon Solow’s 9 West 57th Street...

11/01/2014
Citi Habitats tumbled to the 12th spot on the list this year with just two projects: Sheldon Solow’s 209-unit Two Sutton Place North and the 88-unit No...

07/01/2013
The top deals of 2013 include an early renewal last month by investment firm Och-Ziff Capital Management Group, at Sheldon Solow’s 9 West 57th Street, for more than $200 per foot on floors 39 and 40; and a branch of Brazilian lender Banco Itaú, which leased about 10,000 square feet in Boston Properties’ General Motors Building at 767 Fifth Avenue, for about $200 per foot...

12/05/2007
We look at the prospect for office building foreclosures (Technical defaults rise, but foreclosures don't hit) as well as the battle between titans Sheldon Solow and Harry Macklowe and how it may indicate the latest trend toward opportunistic maneuvers to gain control of buildings from owners who run into trouble (Solow and Macklowe square off)...

11/02/2007
Still, its asking retail rents of $400 a square foot are high for the area, thanks to Sheldon Solow, the building's notoriously picky landlord, who brokers say is intent on maintaining his roster of top-shelf tenants...