Ever since the credit crisis hit and the real estate market collapsed, the news has been filled with disgraced developers–including in these very pages. Yet for every plucked chicken, there seems to be an equal number of phoenixes who, year after year, decade after decade, return from the construction graveyard to build again. (The Observer, Read More
When It's Not Your Money
Residents of the Newswalk Condominium have a few surprises planned for New York developer Shaya Boymelgreen.
Mr. Boymelgreen is operating in New York again, and “Shame on Shaya,” a group of Brooklyn residents taking legal action against him, is upping its local campaign in opposition.
Talking to a reporter Read More
The breakneck rise and fall of New York developer Shaya Boymelgreen unfolds like a Gilded Age novel of social ascendance: young man immigrates to ethnic neighborhood in big city; accidentally takes part in Crown Heights riot of historic importance; strikes up fortuitous friendship with Uzbek diamond billionaire who agrees to bankroll his projects; Read More
Sure, maybe some of Shaya Boymelgreen‘s myriad development projects had a few construction oversights–like piping that sent sewage flowing into the streets, or leaks that eroded concrete beams–but, come on, that was all in the outer boroughs, as Mr. Boymelgreen tried to explain to his architect, Howard L. Zimmerman.
When Mr. Zimmerman Read More
Lev Leviev and Shaya Boymelgreen have set the terms to their break-up. The two were a seemingly ubiquitous part of the city's recent real estate building boom, but not any more. Still, like most breakups, theirs will linger until it's permanent.
A press release comes from Israel with lots of juicy details, and it's Lev Read More
A coalition of activists in parts of Brooklyn that includes ACORN is organizing against prolific real estate developer Shaya Boymelgreen, circulating fliers and putting up a website to stop him from developing land near the Gowanus Canal until toxins below the surface are cleaned up.
Boymelgreen, who has been called a "Read More
Shaya Boymelgreen tells The Brooklyn Paper how sometimes even real estate developers don’t like their buildings:
Sometimes, I see something in my head that I think will be beautiful. But at the end of the day, it doesn’t come out like I want, because of the zoning, because of the architect, because of Read More
Forest City Ratner says that the judge’s decision invalidating its control of two properties in the Atlantic Yards footprint will be appealed. An e-mailed statement on Wednesday afternoon reads:
“We cannot comment in detail on the decision today because the suit did not directly involve Forest City Ratner Companies (FCRC), said Jeffrey Braun, an Read More