The Lease Beat

45 West 36th Street (Courtesy Property Shark)

Construction Manager Takes 10,000 Feet

Richter+Ratner, a construction management firm, has signed a 10,000 square foot sublease at 45 West 36th Street.

The firm, which has managed a number of notable projects in the city including the construction of both Prada’s and Uniqlo’s retail space in Soho, will take the roughly 110,000-square-foot building’s entire 12th floor from jewelry company Nadri. Samco Properties owns the building but, because it was a sublease, was not involved in the transaction. Read More

Details on the Coney Vote! City-Sitt Negotiations Continue; Four New Hotels Possible; $137 M. in Infrastructure

The City Council approved the Bloomberg administration-backed rezoning of Coney Island on Wednesday afternoon in a 44-2-1 vote. While the city is still negotiating with the rezoned area’s main private landlord—Thor Equities’ Joe Sitt—the two long-opposed parties may be close to reaching a final deal.

The rezoning plan would turn vacant lots currently Read More

The Education of Joe Sitt

The tone of a City Council hearing last week on Mayor Bloomberg’s major Coney Island redevelopment plans was music to Joe Sitt’s ears.

The red-carpeted Council chambers in City Hall quickly became an interrogation room as successive Council Members took their turns bellowing aggressive questions and assertions at a trio of Bloomberg Read More