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 …
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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, …
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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 …
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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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From small-scale studios to prebuilts, property owners look to appeal to a shifting ‘small-user paradigm’ By Rey Mashayekhi November 1, 2017 9:45 am In the New York City office market, the big deals get all the attention. Landlords usually covet major six-figure-square-footage users who can lock down large blocks of space at their buildings, bringing with …
What started as a glimmer of hope back in May is now official: New York City is getting an outpost of Au Cheval, the Chicago diner with a perennial hours-long wait and one of America’s most critically acclaimed burgers. When owner Brendan Sodikoff first showed interest months ago in the space (79 Walker Street, in …
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Manhattan’s investment sales market had a rough first half of the year In New York real estate, late July is traditionally a time for reflection. Brokerages churn out their mid-year market reports, while executives chopper off to the Hamptons to lie on the beach and fondly recall their best deal-making moments. But in 2017, there …
79 Walker Street New York, NY 10013 Key Features of Connectivity WiredScore wiredscore.com •Stealth Communications is providing dedicated, business grade fiber optic internet connectivity available for tenants. •Towerstreamhas confirmed that they will be able to provide fixed wireless internet access to tenants in the building with a signed contract. Fixed wireless is a form of …
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135 Bowery New York, NY 10002 Key Features of Connectivity WiredScore wiredscore.com FACT SHEET •Pre-installed fiber optics via Stealth Communications providing tenants with high speed, dedicated internet service. •Protected access to the exterior street infrastructure ensuring that tenants can seamlessly order internet service from multiple high speed fiber optic service providers. •Fixed Wireless “over the …
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Au Cheval’s burger is considered one of the best in the world Looks like hip Chicago restaurateur Brendan Sodikoff might be opening his best-known restaurant and acclaimed burger destination Au Cheval in Tribeca. At tonight’s Community Board 1 meeting, Sodikoff’s team pitched a New York location of the restaurant for a space at 79 Walker …
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The most intriguing item on Community Board 1’s May agendas—annotated rundown to follow—is a proposed restaurant in the micro-neighborhood of ChiBeCa, long a restaurant dead zone. It’s at 79 Walker (at the southeast corner of Cortlandt Alley), formerly the site of the Art in General gallery. The building was bought in October by Caspi Development …
The saga of 135 Bowery is entering its next chapter. Already established as a tech incubator of sorts in the year-and-change since Caspi Development took control, the ground level of this former flashpoint property had remained bereft of permanent occupancy. Aside from a handful of pop-up establishments (e.g. Nike), it remained largely dormant with perennial …
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Breather, a provider of on-demand, flexible workspace, continues to expand throughout New York City offering meeting spaces to the TAMI sector and corporate users. The company opened two new locations in New York City at 135 Bowery, its 100th location, as well as 576 Fifth Avenue. Breather has set up four flexible meeting spaces at …
