The Town of Rye is looking to orchestrate a similar deal the county made with Standard Amusements to run Playland. TOWN OF RYE – Officials are once again seeking a contractor interested in running Rye Town Park, hoping to turn the struggling shoreline property next to Playland into a profit generator for the town. For …
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The real estate firm that brought Shepard Fairey to the heights of Bowery in 2014 (“The future is ours”) is going big again. Caspi Development just commissioned street artist FAUST to add a touch of cursive to another of its properties. Just a block to the south. Last Friday, in his signature script, FAUST scrawled …
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Big developments target millenials, Asian buyers and value seekers February 01, 2016 By Adam Warner From left: Isaac Henderson, Deborah Gutoff and Josh Caspi The Lower East Side, a neighborhood long associated with counterculture, after-hours bars and rusty tenements, is getting a glossy makeover. “The most surprising aspect of the Lower East Side’s transformation is …
UPDATED, 2:52 p.m., Nov. 30: Caspi Development and Black Bear Asset Management bought a three-building package on the Lower East Side from Marolda Properties for $24.4 million. Marolda, a Chinatown-based landlord run by Lawrence Marolda, more than doubled its money with the purchase, having paid $9.8 million in 2012 to a family that had owned …
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.
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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