DISCIPLINED LUXURY LODGING BRANDS MAY GAIN Not every brand will be well-positioned to take advantage of a surge in demand. Yet some experts see a long-term future where domestic leisure luxury travel anticipates a worldwide sector recovery that savvy hoteliers and resort owners can capture. “The high-end tranche of the market just keeps growing long …
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Caspi Development has commenced leasing at The West, a new apartment community near the East River waterfront in the Greenpoint enclave of Brooklyn, N.Y. The 22-unit apartment community includes seven apartments that are part of the Affordable New York program. Pricing for the market-rate apartments begins at $3,035 per month for one-bedroom residences, and $4,000 …
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Caspi Development’s new residential and retail building in Greenpoint, Brooklyn, is now open for leasing. The property, named The West, is at 144 West Street near the East River waterfront. GF55 Architects designed the seven-story building based on the neighborhood’s industrial past, with a façade clad primarily in red brick. It features 22 apartments, seven …
Continue reading “Residential-retail building in Greenpoint, Brooklyn open for leasing.”
Hotel Barrière Le Fouquet’s New York Topped Out Caspi Development has topped out 456 Greenwich St. in Tribeca, NY, the future home of the Hotel Barrière Le Fouquet’s New York. Managed under the Groupe Barrière brand, the property will encompass 96 guestrooms and suites. The eight-story hotel will have several F&B destinations. Amenities will include …
Caspi Development has topped out of 456 Greenwich Street in Tribeca, the future home of the Hotel Barrière Le Fouquet’s New York. Managed under the Groupe Barrière brand, the property will have 96 guest rooms and suites. Situated between Desbrosses Street and Washington Street, the eight-story hotel will feature several food and beverage destinations, a …
Continue reading “Caspi tops out Tribeca hotel as sector scorns the virus”
Tribeca will be the future home of the five-star Hotel Barrière Le Fouquet’s New York, the first hotel in the U.S. under the Barrière brand. Caspi Development on Tuesday announced the topping out of the hotel at 456 Greenwich St., between Desbrosses Street and Washington Street in the heart of the Tribeca North Historic District, …
Continue reading “New five-star Hotel Barriere Le Fouquet planned for New York’s Tribeca”
Caspi Development has announced the topping out of 456 Greenwich Street in Tribeca, the future home of the five-star Hotel Barrière Le Fouquet’s New York. Managed under the prestigious Groupe Barrière brand, the property will encompass 96 beautifully appointed guest rooms and suites. Ideally situated between Desbrosses Street and Washington Street in the heart of …
Continue reading “Caspi Development reaches topping out at 465 Greenwich Street in Tribeca”
Caspi Development today announced the topping out of 456 Greenwich Street in Tribeca, the future home of the elegant five-star Hotel Barrière Le Fouquet’s New York. Managed under the prestigious Groupe Barrière brand, the property will encompass 96 beautifully appointed guest rooms and suites. Ideally situated between Desbrosses Street and Washington Street in the heart …
Continue reading “Caspi Development Announces Topping out of 456 Greenwich Street in Tribeca”
Caspi Development topped out 456 Greenwich St. in Tribeca, the future home of the 96-key Hotel Barrière Le Fouquet’s New York. It’s the first hotel in the U.S. under the Barrière brand. “The topping out of 456 Greenwich Street represents a culmination of six years of tireless work by all involved, and it is our aspiration that …
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NEW YORK CITY — Locally based firm Caspi Development has topped out the Hotel Barrière Le Fouquet’s New York, a 96-room hotel that is being developed at 456 Greenwich St. in Manhattan’s Tribeca neighborhood. Upon completion in mid-2022, the eight-story hotel will house several food and beverage concepts, as well as a pool, spa and …
Continue reading “Caspi Development Tops Out 96-Room Hotel Project in Manhattan”
Caspi Development has announced the topping out of 456 Greenwich Street in Tribeca, the future home of the five-star, 96-room Hotel Barrière Le Fouquet’s New York. Located between Desbrosses Street and Washington Street in Tribeca’s North Historic District, the eight-storey hotel will feature several dining venues, a private spa and swimming pool, an interior courtyard, …
Continue reading “Hotel Barrière Le Fouquet’s New York tops out”
After a very long period as a hole in the ground, the Hotel Barrière on Desbrosses, which stretches the full length of the block between Greenwich and Washington, topped out last week, and the developer already came before CB1 seeking liquor license approval for its three (four? five?) bars and restaurants. It’s an exciting plan — exciting …
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Restaurants are struggling all right. Hospitality experts believe that more than one thousand may have closed since the beginning of the pandemic and it’s clear the plight of the industry is atrocious. But here and there, pockets of hope are bubbling up as some chefs and restaurateurs rally with landlords and investors to adapt to …
Continue reading “President Trump Declared New York Restaurants Are Dying, Not Everyone Agrees”
One of the most prominent bank buildings in Downtown Santa Rosa was sold last week by a Bay Area family to New York based Caspi Development Co. for $9,726,000. Located at the corner of Third Street and Santa Rosa Ave., the home of Bank of America has been a fixture in the Downtown core and …
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Hana Financial Investment Co. Ltd. has underwritten a luxury hotel development in New York with a $145 million loan, saving the project from bankruptcy, as South Korean brokerage firms are venturing into value-add and opportunistic real estate projects beyond overpriced properties. The loan for the 96-room hotel development at 456 Greenwich Street in Tribeca consists …
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Two $350M leasehold loans were tied for top spot The top 10 Manhattan loans recorded in November totaled $2.1 billion, a 60 percent drop from October. One building appeared in the top four twice, as the owners of the leasehold on 195 Broadway and the ground underneath it both took out big loans to finance their …
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The Lower Manhattan neighborhood comes full sophisticated circle. Tribeca, long one of Manhattan’s priciest enclaves, has returned to its roots as a haven for artists—though this time with deeper pockets. To the north in Chelsea, ground zero for the New York gallery scene, the High Line and the nearby $25 billion Hudson Yards development have sent rents skyrocketing, prompting some of …
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Reorganization sees Caspi Development take the reins from Mactaggart Family & PartnersAfter years of headaches, the long-delayed luxury hotel project at 456 Greenwich Street has finally secured a construction loan and is emerging from bankruptcy. The partnership entity, CBCS Washington Street LP, received confirmation for a reorganization plan in bankruptcy court earlier this week, court filings …
The Williamsburg concept is Winterman’s first outside of a restaurant group. Williamsburg is already known for its impressive restaurant roster—home to the iconic Peter Lugar Steakhouse on Broadway Street, Missy Robbins’ ever-buzzy Lilia (plus Misi, too, in South Williamsburg), and Egg, one of our great restaurants to work for. So it should come as no …
Continue reading “Bâtard’s John Winterman and Chef Chris Cipollone to Bring a Brasserie to Brooklyn”
Tacombi, the purveyor of homestyle Mexican food, will be opening its first branch in the Financial District in the newly renovated 74 Broad Street, according to JLL, which brokered the deal for the landlord. Tacombi signed a lease to operate a restaurant and bar across 3,000 square feet of ground floor retail space, according to JLL’s Brett Harvey. “We …
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A California company picked up an industrial property in Maspeth, and Meyer Orbach sold once again in the Upper West Side. Here are the details on last week’s $20 million to $30 million investment sales market in New York City, per documents recorded with the New York City Department of Finance. 1.) Terreno Realty Corporation …
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In Chicago, chef Brendan Sodikoff is total restaurant royalty, with an impressively varied roster, under his Hogsalt Hospitality umbrella, that includes places like Gilt Bar, Bevette’s Steak House, the food hall-esque 3 Greens Market, Doughnut Vault, and the absurdly popular Au Cheval, where you can expect to wait up to two hours to eat one …
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The new diner comes with an outpost of Sawada Coffee, known for its painstakingly crafted drinks It’s a good time to be a burger fiend in NYC: Next week Tribeca welcomes its own location of Au Cheval, a wildly popular Chicago diner whose burger has risen to national acclaim. Opening Tuesday at 33 Cortlandt Alley, …
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According to an employment report released by ADP, 230,000 non-farm private sector jobs were added in the US in September. In New York City the number of employed New Yorkers hit a new high of 4,049,200 according to the last quarterly analysis by city comptroller Scott Stringer. Despite this positive benchmark for the city, only …
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UPDATE, Tuesday September 4, 1:41 p.m.: Caspi Development and its partners sold two Bowery office buildings to national developer and landlord Marx Realty for a combined total of $48.5 million. The properties are located one block away from one another at 135 and 161 Bowery on the Lower East Side and were owned by a …
A commercial building at 134-136 Broadway in Williamsburg, Brooklyn, sold for $18.85 million.Credit Michael Sherman RECENT SALE $18.85 MILLION 134-136 Broadway (at Bedford Avenue) Williamsburg, Brooklyn A development partnership, which is also working on a new luxury hotel going up at 456 Greenwich Street in TriBeCa, plans to renovate this six-story corner commercial building. The …
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Ultra-Luxury Brand in Premier Lower Manhattan Neighborhood Planned as Long-Term Core Hospitality Holding NEWPORT BEACH, Calif., May 25, 2018 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE: DPW) (“DPW” or the “Company“), a diversified holding company, will acquire a minority interest in a partnership that intends to construct a five-star ultra-luxury Manhattan hotel development, investing alongside …
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Caspi Development and MacTaggart Family & Partners LP have purchased a 23,064 s/f corner Williamsburg office building in deal brokered by Michael Sherman of The Manhattes Group. The buyers intend to turn the property into a boutique office building for high tech and creative office tenants. MICHAEL SHERMAN Originally built in 1901 for the Nassau …
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The partnership, including Caspi Development, Mactaggart Family & Partners and Barone Management, expects to deliver the 96-key Manhattan property in 2020. by Gail Kalinoski | Dec 28, 2017 Left to right: Joshua Caspi, principal of Caspi Development; Scott Barone, founder of Barone Management; and Ivaylo Ninov, managing director of Mactaggart Family & Partners The developers of an …
It’s been more than two years since we’ve heard any news about 456 Greenwich Street, a large eight-story hotel development that’s been inactive since the extant structures were demolished. The silence was broken Friday, December 22nd, when Caspi Development, Mactaggart Family & Partners, and Barone Management celebrated the official groundbreaking in Tribeca. Approved design for …
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