advanced search 70 Pine Street
70 Pine Street is a 1,026,454 square foot building built in 1932 in the Financial District neighborhood of Manhattan. The building is owned by Rose Associates. The building was completed in October of 2015.
- Address 70 Pine Street
- neighborhood Financial District
- borough Manhattan
- owner Rose Associates
- developer Rose Associates
- sales/marketing Rose Associates
- PLANS DISCLOSED 12/14/2011
- dob permit issued 07/01/2013
- tco issued 10/26/2015
- DOB FILE PLANS 12/14/2011
- DOB FILE Link
- LIST/LAUNCH SALES 11/14/2012
- height in feet 952
- Year Built 1932
- ag file plans 11/08/2012
- hotel units 796
- total units 796
- square feet 1,026,454
- const. status Building Complete
- block and lot 1-00041-7504
- BIN 1001007
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- Event Financing
- Address 70 Pine Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 1,000,000
- Price $ 375,000,000
- Publication Date 06/01/2017
- Event Date 04/17/2017
- Party 1 DTH Capital, Rose Associates
- Party 2 Brookfield Property Partners, Bank of China, ING
- Party 2 Brokerage Brookfield Property Partners
notes
The borrower secured a $375 million refi loan from a syndicate of lenders.
- Event Retail Leasing
- Address 70 Pine Street
- Neighborhood Lower Manhattan
- Borough Manhattan
- Square feet 1,554
- Publication Date 05/01/2016
- Event Date 03/17/2016
- Party 1 Rose Associates
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker David Tricarico, Jedd Horn
- Party 2 Black Fox Coffee
- Party 2 Brokerage Eastern Consolidated
- Party 2 Broker Joe Robinson
notes
The coffee shop signed a 10-year lease.
- Event Retail leasing
- Address 70 Pine Street
- Neighborhood Financial District
- Borough Manhattan
- Publication Date 07/01/2015
- Event Date 05/22/2015
- Party 1 Rose Associates
- Party 2 Spotted Pig
- Event Financing
- Address 70 Pine Street
- Neighborhood Financial District
- Borough Manhattan
- Publication Date 07/01/2013
- Event Date 05/22/2013
- Party 1 Rose Associates
- Party 2 JPMorgan Chase, M&T Bank, Bank of New York
notes
A $300 million construction loan was provided for the conversion of the property into luxury apartments, the New York Post reported. The project is expected to be complete by 2016. 66-story office building.
- Event Sales
- Address 70 Pine Street
- Neighborhood Financial District
- Borough Manhattan
- Price $ 205,000,000
- Publication Date 02/01/2012
- Event Date 12/23/2011
- Party 2 Metro Loft Management, Eastbridge Sarl
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 Sales
- Building Name 70 Pine Street and 72 Wall Street
- Address 72 Wall Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 1,400,000
- Price $ 140,000,000
- Price per foot $ 100.00
- Publication Date 07/01/2009
- Event Date 05/22/2009
- Party 1 American International Group
- Party 1 Brokerage CBRE
- Party 1 Broker Darcy Stacom, William Shanahan
- Party 2 Young Woo & Associates, Kumho Investment Bank
notes
The partnership reportedly submitted the winning bid for the properties, amounting to approximately $140 million, or $100 per square foot. The buyers have a mixed-use proposal for the buildings, which are connected by a skyway.
- Event Sales
- Address 70 Pine Street 72 Wall Street
- Neighborhood Financial District
- Borough Manhattan
- Price $ 140,000,000
- Publication Date 07/01/2009
- Event Date 05/17/2009
- Party 1 American International Group
- Party 1 Brokerage CBRE
- Party 1 Broker Darcy Stacom, Bill Shanahan
- Party 2 Youngwoo & Associates, Kumho Investment Bank
04/01/2017
Rose Associates, the lead developer on the conversion of 70 Pine Street from an office building to luxury condos, racked up $24 million in liens on the landmarked tower in the five-year span, the PropertyShark data shows...
11/01/2014
A spokesman for Rose said it came down to âpipeline and timing,â and pointed out the company is set to launch the 612-unit rental conversion of 70 Pine Street next year...
03/14/2014
One of the largest deals arranged by Ackman-Ziff, led by Simon Ziff, was a $275 million loan for the leasehold financing of the Milford Hotel, at 700 Eighth Avenue between 44th and 45th streets. One of HFFâs big deals was a $110 million loan on LCORâs 25 Broad Street, while a large deal for Singer & Bassuk was a $300 million loan on Rose Associatesâ 70 Pine Street in Lower Manhattan...
09/30/2011
The availability rate fell by 1.5 points to 10.5 percent in the third quarter, in part because a large block of 586,622 square feet at 70 Pine Street was taken off the market, with the expectation that it will be converted to condominiums...
11/30/2009
Still, there are a few deals today that stand out as relative bargains even without a rearview mirror, including developer Youngwoo & Associatesâ purchase of AIGâs two buildings -- 70 Pine Street and 72 Wall Street -- for $150 million, or $105 a foot; and George Comfort & Sonsâ buy of Worldwide Plaza, which closed for $590 million last summer, after last selling for $1.8 billion in 2007...