Sentences with phrase «luxury condo developers»

A new tax plan proposed by secretary of the treasury Steve Mnuchin and GOP lawmakers might be a boon to Manhattan's luxury condo developers.

Both men are part of a separate investigation by Bharara's office into Allure's sale of a nonprofit nursing home on Manhattan's Lower East side to a luxury condo developer after de Blasio's administration made the unusual decision to lift the deed restriction.

In early 2015, the City lifted deed restrictions on the former public school, then AIDS hospice center, and the building was subsequently sold to a luxury condo developer, at the outrage of the general public.

The lifting of the restrictions allowed Allure Group, a for - profit nursing home provider, to flip the property at 45 Rivington St. to a luxury condo developer for $ 116 million.

Lifting the restriction allowed the property's new owner, Allure Group, to flip it — at a $ 72 million profit — to a luxury condo developer.

Not exact matches

And Compass, which was tapped to sell CL Investment's $ 300.2 million luxury condo conversion at 287 Park Avenue South, lost out when the developers shelved the plans in November.

Developers transforming a former drug rehab center into 14 luxury condos hope for a sellout of $ 61 million, according to an offering plan filed with the New York state Attorney General's office last week.

The state is hiding information about how a developer got approval to buy two NYC nursing homes just to turn them into luxury condos, according to a new lawsuit.

The developer hopes to pick up the ambitious project when there's a stronger demand for luxury condos.

State Attorney General Eric Schneiderman on Friday announced a settlement with a shady real - estate group that bought city nursing homes and flipped them to developers who sought to convert them into luxury condos.

Developers build more luxury condos to satisfy both New York transplants and growing young families

The offices of US Attorney Preet Bharara and Manhattan District Attorney Cyrus Vance sent subpoenas to several of the 14 developers that bid on the City Hall - backed project to redevelop the Brooklyn Heights library into a luxury condo tower.

... but the mayor's office said de Blasio's administration removed deed restrictions on the Manhattan building in question without knowing its owner had already signed a contract to sell the property to developers who planned to build luxury condos.

While sustainability features are ubiquitous in commercial office space, they are largely absent from the city's luxury condo market, with developers failing to invest in even the most basic green systems.

«It's not a coincidence the biggest donors he has are real estate developers that are building luxury condos all across the state and it's driving up the rent for everybody,» he added.

It then sold the property for $ 116 million to developers, including the Slate Property Group, which intends to build luxury condos there.

CITY HALL — Concluding the city's seven - month review of Rudin Management's plans to turn the former St. Vincent's Hospital site into luxury condos, retail space and a public park, the City Council voted nearly unanimously Wednesday afternoon to approve the developer's plans.

Officials in Mayor Bill de Blasio's administration removed deed restrictions on a Manhattan building without knowing its owner had already signed a contract to sell the property to developers who planned to build luxury condos, the mayor's office said Friday.

The developer — which hired lobbyist James Capalino to engage with City Hall aides — plans to demolish two buildings on the site and either build a luxury condo building or a series of apartment towers that would include affordable housing.

Luxury developer Toll Brothers recently offered to pay the transfer and mansion taxes on condos purchased in three of its projects under construction to help lure buyers.

In a neighborhood that's fast loosing its art identity in place of new luxury condo developments, Related Companies, one of the city's largest and leading real estate developers, has infused a breath of fresh air.

More often than not these locations were in areas which probably could've used more affordable housing, even though developers had luxury condos in mind.

We regularly advise hotel, resort and condo - hotel investors, owners, lenders and developers in the acquisition, sale, development and financing of luxury, boutique, select service, branded and non-branded properties.

Dupuis and Landolt, who have sold more than 22,000 condos and specialize in luxury and resort projects, work with developers that become certified to use the World Housing brand on a sales project.

(Bloomberg)-- Luxury developer Toll Brothers Inc. has a deal for those shopping for a condo in Manhattan: buy something soon, and we'll pay the taxes on your purchase...

(Bloomberg)-- Real estate developer Louis Ceruzzi has grand plans for a sleek $ 1 billion Manhattan skyscraper, featuring luxury shops and condos that soar high above Fifth Avenue.

Owners of single - family homes have long been able to convert a bedroom, den, or basement to an office, but down the road more condo buyers and apartment renters will find homes with small, dedicated spaces for business use, says Robert Kaliner, president of the Ascend Group, developer of the luxury Georgica condominiums in New York, where each glass - wrapped unit will have a home office (www.georgicany.com).

(Bloomberg)-- While a luxury - condo glut spurs some of New York's biggest developers to re-evaluate their plans, a relative newcomer is plowing ahead with confidence...

In dealing with many developers as part of our real estate development sales and marketing services, I have been privy to the latest methodology behind bringing luxury condos into a complicated, yet incredibly fast - moving market.

The vast majority of condo hotels are owned by real estate developers who pay a luxury brand like Ritz - Carlton or Conrad Hotel fees to provide the operational services.

But because the rooms are generally in hotels that are increasingly being managed by the luxury flags of well - known brands such as Hilton Hotels Corp. and Starwood Hotels & Resorts Worldwide, the services and amenities allow condo hotel developers to price units at a premium on a per square foot basis compared with conventional condos.

When a developer builds a luxury condo, they use materials that give the look and feel of elegance.

By 2016, the Miami Design District is expected to include over 120 luxury - brand stores, a boutique hotel, 15 to 20 restaurants, luxury residential condos and lofts, galleries, furniture showrooms, and numerous large - scale public art, design and graphic art installations — all in keeping with the history of the neighborhood and the developers» goal of bringing fashion, design, art, culture and commerce together.

However in 2004, a developer had the brilliant idea to convert the building into a boutique luxury condo building and completed the project in 2008.