Get ready to hear the clack of high heels on the Financial District’s cobblestones.
“There is a growing group of people that have moved to Financial District because their job is here or was relocated here,” said Ariel Cohen, a broker in the Ariel Cohen Team at Douglas Elliman. “I expect we’ll see more of that, especially with Condé Nast moving to the area.” Read More
Big Real Estate
While Verizon is planning to move 1,100 workers out of Lower Manhattan after two building floods in as many years, TF Cornerstone is banking on the fact that luxury renters will still want to live in FiDi, even if things didn’t go so well the last time around.
TF Cornerstone has invested $15 million to repair its severely storm-damanged 51-story tower at 2 Gold Street and the adjacent 201 Pearl Street, going so far as to install a 13-foot-by-11-foot aluminum gate that uses nitrogen-fueled gaskets to create a watertight seal for the basement.
Star investor and philanthropist Michael Steinhardt and an unnamed partner have acquired rom the New York Stock Exchange two former American Stock Exchange buildings, 18-22 Thames Street and 78-86 Trinity Place, for a total of $65 million.
Mr. Steinhardt, who made his money as Wall Street’s so-called most successful money manager and who now mostly focuses on Read More
The Greenwich Collection at 88 Greenwich Street is yet another conversion of an old Financial District office building. It was rentals for a while but finally went condo in 2006. This unit, offered by CitiHabitats for just under $1.5 million, is on the 22nd floor. Located in the building’s tower, it enjoys sweeping views Read More
“In the next few years you are not going to see many conversion projects in the Financial District,” Michael Shvo, the ubiquitous and masterful real estate marketer, said.
Mr. Shvo was referencing the vanishing trend of converting hard-to-fill office towers into luxurious new condos in the Financial District—something that has been Read More