Back in December, that despicable sentinel of the East River, 375 Pearl Street, was put up for sale. Widely considered the ugliest building in the city, plans for its transformation into a glass office tower seemed in doubt. Now, with The Journal reporting that a buyer for “the Verizon Building” has been found, Read More
What Young Woo envisions for Pier 57 in West Read More
She could have been talking about the weather.
On Thursday afternoon, at the Department of City Planning conference room at 22 Reade Street, Hudson River Park Trust president Connie Fishman revealed the blockbuster news that the Trust had awarded Youngwoo & Associates development rights for the West 15th Street pier with the aplomb worthy of Read More
“Everybody said I was crazy,” said Young Woo, 56, the developer in contract to buy AIG’s two Lower Manhattan skyscrapers. “But I said no, New York has a lot of originality, and we have to create.”
He had just presented an animated video about the SkyGarage. In the video, an elevator carries a car up Read More
Tuesday’s blockbuster news that a Korean investment bank and local developer Young Woo are in contract to buy AIG’s two skyscrapers downtown begs the question: Is Asian money the next wave to hit New York commercial real estate?
“It is definitely a trend,” said Yoron Cohen, executive vice president of Cushman & Wakefield’s Read More
An accomplished yet relatively small-time local developer has, with the backing of the Korea-based Kumho Investment Bank, signed a contract to buy AIG’s two downtown skyscrapers for about $100 a square foot (a puny number that just one year ago would have elicited guffaws), according to an announcement released by AIG’s brokers at CB Richard Read More
