trd topics

    X


    NAME


    EMAIL


    SUGGESTED
    UPDATE

    [wpgdprc "By using this form you agree with the storage and handling of your data by this website."]

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    advanced search
    70 Pine Street

    70 Pine Street
    New York, NY 10005
    (212) 210-6666
    Website
    Hotel

    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
    For more info, click here
    • Event Financing
    • Address 70 Pine Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 1,000,000
    • Price $ 375,000,000
    notes
    The borrower secured a $375 million refi loan from a syndicate of lenders.
    For more info, click here
    • Event Retail Leasing
    • Address 70 Pine Street
    • Neighborhood Lower Manhattan
    • Borough Manhattan
    • Square feet 1,554
    notes
    The coffee shop signed a 10-year lease.
    For more info, click here
    • 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
    For more info, click here
    • Event Financing
    • Address 70 Pine Street
    • Neighborhood Financial District
    • Borough Manhattan
    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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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

    Bracing for lien times
    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...

    Flood of new projects shifts fortunes of marketing firms
    11/01/2014
    A spokesman for Rose said it came down to “pipeline and timing,” and pointed out the company is set to launch the 612-unit rental conversion of 70 Pine Street next year...

    Eastdil, Meridian top list of large-loan brokerages
    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 HFF’s big deals was a $110 million loan on LCOR’s 25 Broad Street, while a large deal for Singer & Bassuk was a $300 million loan on Rose Associates’ 70 Pine Street in Lower Manhattan...

    Office tenants avoid decisions they may regret later
    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...

    The biggest bargains the last time around
    11/30/2009
    Still, there are a few deals today that stand out as relative bargains even without a rearview mirror, including developer Youngwoo & Associates’ purchase of AIG’s two buildings -- 70 Pine Street and 72 Wall Street -- for $150 million, or $105 a foot; and George Comfort & Sons’ buy of Worldwide Plaza, which closed for $590 million last summer, after last selling for $1.8 billion in 2007...