NEW YORK CITY—Caspi Development and Black Bear Asset Management have entered a strategic partnership to acquire multifamily properties in Manhattan and Brooklyn. Through the partnership, Caspi will act as property developer and operator, with BBAM serving as the capital provider for all projects. “Our company has a long history of identifying distressed and underutilized properties …
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Posted on: November 12th, 2015 at 5:18 am by Elie Catching up on some news from a few weeks ago. Flashpoint Chinatown property, 135 Bowery, finally changed hands last month after more than three years on the market. The brick property, located just north of Grand Street, was previously home to a wood-framed, Federal-style row …
Last night, in Downtown New York City, Nike opened its doors to media and special guests for its Hike Nike NYC event. The location set up by the Swoosh featured the latest winter gear from Nike. From the SneakerBoots to the Tech Fleece Aeroloft and the upcoming NikeLab ACG collection, the destination served as the …
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144 West Street, rendering by GF55 Partners By: Rebecca Baird-Remba 8:00 am on November 3, 2015 At the corner of West and India Streets in Greenpoint, two starkly different residential developments are about to rise. On the western side of the block, along the East River, two developers have demolished an old envelope factory to …
135 Bowery buy is Caspi’s second office deal on famed street Caspi Development and RWN Real Estate Partners bought an office building at 135 Bowery on the Lower East Side for $16.2 million, doubling down on a campaign to turn the formerly run-down street into a tech-office destination. Westchester-based Caspi already owns a nearby property …
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Do what the Landmarks Preservation Commission asks and you shall receive its blessing. So was the case for the hotel planned for 456 Greenwich Street, sitting partly in the TriBeCa North Historic District. The proposal went before the commission in early August, but the brick choice and square fenestrations didn’t fly. So, the applicant was …
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July 26, 2015 When the Firm Is Wired but the Office Isn’t New York’s quirky old loft buildings make cool offices, but connectivity can be primitive By KEIKO MORRIS By now, it is a given in New York City that many companies in the tech and advertising sectors prefer older loft buildings in nontraditional office …
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Adrian Hopkins likes the Bowery so much as a work neighborhood that he organizes area walks for new staff and colleagues at peer companies in the area. He likes to take people out and show them the spots that represent the spirit that, he believes, makes it the right part of Manhattan for a technology-oriented, …
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Brooklyn residential projects dominated April’s list of biggest new projects. Multiple two-story townhomes will make way for six- or eight-story residential buildings on the borough’s outskirts. Also notable this month are the conversion permit for the Pavilion Theater in Park Slope and the plans to build a movie studio in the Bronx that is supposed …
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Western Heritable Investment Company, Caspi Development and Barone Management are planning a 90- to 100-room hotel at 456 Greenwich Street in Tribeca, Commercial Observer has learned. The eight-story, 93,900-square-foot hotel will have 90 to 100 guestrooms and suites, a restaurant with a bar, a 1,500-square-foot interior courtyard, a spa, a swimming pool, meeting space and …
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161 Bowery has been Wired Certified Silver, ensuring its data infrastructure will more than meets the demands of New York City’s growing Tech tenant base. WIRED CERTIFICATION affirms our commitment to keeping our building on the cutting edge of technology and shows that we understand the internet infrastructure and connectivity needs of the growing Technology, …
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The bells and whistles—puppy playrooms, pools and patios—that landlords use with increasing vigor these days to sell residential condos, are making the leap into the office sector. The owners of properties including two of the city’s best-known landmarks—the Empire State Building, and 75 Rockefeller Plaza—are spending big bucks to create everything from gymnasiums to roof …
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Caspi Development has teamed up with street artist Shepard Fairey to outfit a 20,000 s/f mixed-use Bowery property with a bold new mural. The Purchase-NY developer said the artwork matches “a contemporary, turnkey workplace that inspires creativity, collaboration, and productivity.ˮ Fairey is considered the godfather of the street art scene, and is best known for …
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The Little Italy Street Art project went big and scored Shepard Fairey to create a new mural for the Lower East Side. Chosen site for the 30 x 40 foot piece is the facade of 161 Bowery, so it’ll be visible from blocks away. Work commences today and will continue through the end of the …
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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 …
