Brokerage firm Colliers International has been named the exclusive leasing agent for 245 Fifth Avenue, a Midtown South building co-owned by The Moinian Group and Thor Equities.
The 303,000-square-foot Class A building has received pre-build improvements to its mid-level and tower floors, which will have an added emphasis on high-end finishes and glass front offices, the company said in a press release. Sizes for those floors range from 2,000 to 9,000 square feet.
This Land Is My Land
A German investment fund has dropped $55 million on the Soho space occupied by racy British clothing store All Saints.
Invesco Immobilien Fonds IV U.S. Partners, a U.S. vehicle for German investors, has bought the 20,000-square-foot, first-floor retail space owned by Thor Equities. The six-story loft building at 56 Crosby Street on Broadway was converted Read More
Coney Island developer Joe Sitt, of Thor Equities, beat out his rivals to win the Takashimaya Building on Fifth Avenue for more than $140 million, according to the New York Post:
[A] slew of potential buyers had been whittled down to a mere five finalists. Along with Sitt, those included Vornado Realty Read More
Something about Coney Island makes it “the perfect spot to reel in a sucker,” writes Kevin Baker, in a masterful article on Coney Island, Joe Sitt and the city’s redevelopment project in this week’s Village Voice:
Coney Island has always suffered from grandiosity. It is always going to be the next Newport, the Read More
Lord & Taylor, one of the most successful and enduring department store brands, was known for its female elevator operators at one time. The operators on one side of the building were redheads, while those on the other were brunettes.
The (clearly innovative) retailer’s third instantiation in New York City was at Read More
446 West 14th Street
Krizia, the Italian fashion line of Mariuccia Mandelli, is said to have taken its name from an unfinished dialogue of Plato on the subject of women’s vanity (Plato did, however, manage to finish a number of other gender-related theories, most notably his belief that cowardly men were reborn as women, Read More
Joe Sitt, the landlord who battled with the Bloomberg administration at Coney Island, is coming back to city officials with a new request: He wants to put a big-box mall in South Brooklyn.
Mr. Sitt’s Thor Equities is seeking to build a 214,000-square-foot mall highlighted by a BJ’s Wholesale Club, along Read More
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 debate over the Bloomberg administration’s plans to remake Coney Island is dashing toward a close, as the City Council is just days away from an expected vote (a subcommittee is tentatively scheduled to vote Monday, though these things often change at the last minute). And, with potentially just days left, city officials are still Read More
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