By Konrad Putzier Manhattan’s class B office buildings may soon become an endangered species. As apartment prices skyrocket amid growing global demand, more and more office buildings are being converted into residential buildings. Two weeks ago, the Chetrit Group filed plans to convert part of the Sony Building at 550 Madison Avenue in Midtown from …
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Joshua Caspi of Caspi Development Recognized as Rising Star Business Council of Westchester names Forty Under Forty at annual event Westchester County and New York, N.Y. (June XX, 2014) – Joshua Caspi, principal of Caspi Development, was honored by the Business Council of Westchester with a “Rising Star – Westchester’s Forty Under Forty” award …
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Being priced out of NYC means being priced in to Westchester and Fairfield. Panelists at yesterday’s Bisnow Future of Westchester and Fairfield Counties event said expect slow-and-steady growth over the next few years and a continued influx of investors and developers to the areas north of the city. While the New York Times has reported that the area is losing its Millennials to …
Honest Buildings spoke to Joshua Caspi, owner of Caspi Development, about its recent acquisition of an office building on Bowery, to be converted into office space for modern tech tenants. As principal of Caspi Development, Joshua Caspi is involved in the development process from soup to nuts: front-end acquisitions, financing and development. Before following his father’s footsteps Caspi cemented …
Midtown South’s office boom has so far bypassed the Bowery, a street more associated with grunge music than tech firms. But that could change. Westchester-based Caspi Development is in contract to buy the seven-story office building 161 Bowery for $12.75 million, with plans of turning it into modern office space for tech tenants. It would …
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The 48,000 Square-Foot, Open Air Luxury Retail Destination Targeted to Open in 2016 WHITE PLAINS-Faros Properties and Caspi Development recently received site plan approval and will begin leasing Heritage White Plains, a 48,000 square-foot, open-air, luxury shopping and restaurant destination. The companies recently made the announcements. Heritage White Plains is at 120 Bloomingdale Road across …
Three law firms have leased over 23,600 s/f of space at 120 Bloomingdale Road in White Plains, the 145,000 s/f office complex and former Nestlé headquarters acquired by Faros Properties and Caspi Development in late 2012. Sitting on six acres and standing four stories high, 120 Bloomingdale Road is undergoing the final phase of extensive …
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The former White Plains headquarters of Nestle, now an office building at 120 Bloomingdale Road, is getting the final stages of a major renovation and some new tenants. Three law firms – Cabanillas & Associates, Fentin and Goldman and Joseph R. Miano law office – have leased more than 23,600-square-feet in this 145,000-square-foot office complex …
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Kelvin Nunn of White Plains Business Improvement District; Robert Pierce, co-owner of Hastings Tea; and Joshua Caspi of Caspi Development in the courtyard of the Renaissance corporate center on September 16 during a reception introducing Hasting Tea and Noodle+ to the White Plains Food Center.
Caspi Development strives to partner with top-tier real estate and investment professionals and firms to maximize success on all projects. Associates include Faros Properties, a real estate investment firm; Artemis Real Estate Partners, LLC, a private equity investment manager; Finkelstein Timberger Real Estate, an owner and management company that works throughout the Bronx; Sound Mark …
Steven J. Caspi View Bio Joshua Caspi View Bio Anita Rycenga View Bio Karen SchieraView Bio Timothy ShopaView Bio Laura FaccheraView Bio Andrew CaspiView Bio RJ StingoneView Bio
The Caspi Development acumen lies in identifying distressed and underutilized properties with untapped potential. Decades of real estate pedigree, coupled with a comprehensive hands-on approach, allow Caspi to hone in on and perfect “diamond in the rough” projects. Caspi is reaching out beyond its footprint in Westchester to add value in Brooklyn, the Bronx, and …
Caspi’s collection of hospitality properties includes a boutique hotel designed by marquee-name architect David Rockwell and the sprawling Marriott in Stamford, CT, which caters to global professionals conducting business in Fairfield County.
From breathtaking offices in the heart of the White Plains business district to fashionable corporate space in Mount Pleasant, NY, Caspi owns and manages a suite of commercial buildings that house a variety of professional tenants. The company’s commercial portfolio includes millions of square feet across five top-tier properties. Current projects include a strategic partnership …
Caspi Development’s history stretches back to the 1950s, when Joseph Caspi – who owned and operated several clothing companies – leaped into the real estate realm. He acquired numerous high-profile apartment buildings in Manhattan, the Bronx and Westchester County, earning and upholding a reputation as a rental property expert until his passing in 1990. Joseph …
High-end Brooklyn rentals in Clinton Hill and Bedford-Stuyvesantand a Manhattan Fifth Avenue red brick and limestone penthouse building are among the residential properties developed by Caspi. Caspi properties reach from Stamford, CT to downtown Manhattan to South Beach, FL. Through strategic partnerships, Caspi acquired approximately 1,600 apartments throughout New York City in 2013, including a …
Name: Joshua Caspi Title: Principal Company: Caspi Development Birthplace: New York City Education: Boston University First job outside of Real Estate: Delivered hot chocolate chip cookies. First job in real estate or allied field: A laborer in the concrete union working on buildings on the Upper West Side. What do you do now and what …
BROOKLYN, NY Caspi Development, a leader in the ownership, management and development of residential and commercial real estate in metro New York for more than 40 years, concluded a lively and rewarding third quarter that was marked by entry into the Brooklyn real estate arena and major progress across several Westchester properties. Caspi planted a …
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The former Nestle Co. headquarters is headed for a $30 million makeover to include renovations to the existing office building and the addition of chic boutiques and a restaurant with outdoor dining under a proposal scheduled for a public hearing next month. The Venue at Bloomingdale Road, which has been approved by the Planning Board, …
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93 Waverly is as Brooklyn as it gets. The new Clinton Hill rental building’s rooftop boasts oak and tin planters, designed for tenants to grow their own vegetables and herbs. Its lobby is covered in wallpaper showing everything that’s typical of the borough — from Hasidic Jews to Notorious B.I.G. The paper was designed by …
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Across the nation, malls are being mothballed. After a heady period of expansion when malls seemed to spring up everywhere, the retail mindset has changed. With vacancy rates up in many large indoor retail centers, there’s been a shift toward mixed-use developments or outdoor malls designed to resemble the downtown shopping districts they replaced. Here …
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Cushman & Wakefield announced that it has been appointed as the exclusive retail agent for Heritage White Plains, a new ground-up project that will feature more than 48,000 s/f of open-air retail space in White Plains, NY. The retail development, which will rise on a parcel of land adjacent to the office building at 120 …
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WHITE PLAINS, NY Faros Properties, a New York commercial real estate investment firm with properties in Westchester, NY and Fairfield County, CT, and Caspi Development, a leader in the ownership, management and development of residential and commercial real estate, received site plan approval and will begin leasing Heritage White Plains, a 48,000 s/f, open-air, shopping …
The commercial real estate investment firms of Faros Properties, LLC and Caspi Development, LLC recently announced their joint acquisition of the 1950s Art Deco former Nestle headquarters at 120 Bloomingdale Road in White Plains, N.Y. The 6-acre property and its four-story, 145,000-square-foot office building sold at a deep discount for $10.5 million. The building will …
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