Filtered by Tag: Commercial

Times Square EDITION

Times Square EDITION

New York, New York

Located in the heart of Times Square on the Duffy Square Bowtie, 20 Times Square takes the iconic pop-culture glamour of this internationally recognized destination to a new level of luxury and excitement.

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PUBLIC Hotel New York & 215 Chrystie Street Residences

PUBLIC Hotel New York & 215 Chrystie Street Residences

Lower East Side, New York

Located in New York City’s rapidly emerging Bowery neighborhood between Nolita and the Lower East Side, PUBLIC Hotel New York & 215 Chrystie Street Residences captures the history, context, culture, and spirit of its location.

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Woolworth Building

Woolworth Building

The Woolworth Building, designed in the neo-Gothic style by prominent American architect Cass Gilbert in 1913, was designated as a National Historic Landmark in 1966 and a New York City Landmark in 1983. Located in the heart of Manhattan’s Financial District, this internationally recognized 58-story American icon, which was the world’s tallest building until 1930, has been called the “Cathedral of Commerce” in reference to its resemblance to Gothic European cathedrals. Its façade features elaborate glazed terra cotta decorative elements and its ornate vaulted-ceiling lobby is designed with marble, mosaics, stained glass, painted murals, and bronze fittings. Following acquisition in 1998, Witkoff carefully restored the façade and lobby, created a below-grade parking garage, leased the base of the building to office tenants, and worked with New York City’s Landmarks Commission to secure permits for residential development of the upper floors and redesign of the building’s core. Witkoff sold the upper residential floors of the building in 2012 and maintains the lower office levels.

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Devonshire House

Devonshire House

Devonshire House is a 186,000 square foot office building in London’s West End, the highest rent submarket in the city. This building, which is “listed” by the government as a property of special architectural or historic interest, was the London residence of the Dukes of Devonshire during the 18th and 19th centuries. Witkoff acquired Devonshire House in 2007 and undertook a comprehensive redevelopment. Upon completion, it attracted high-profile tenants, including Bain Capital, Highbridge, and Boston Consulting Group. In 2013, Witkoff sold Devonshire House at a record price per square foot for an office building in the Western Hemisphere.

Daily News Building

Daily News Building

The Daily News Building, one of Witkoff’s highest profile acquisitions, is a 1.2 million square foot, 476-foot high skyscraper in Midtown Manhattan. Built between 1929 – 1930 and designed by architects Raymond Hood and John Mead Howells in the Art Deco style, it was designated a New York City Landmark in 1981 (interior in 1998) and a National Historic Landmark in 1989. Following acquisition in 1996, Witkoff implemented a complete overhaul of building operations, including a substantial reduction in operating expenses, a rigorous capital improvement plan, and repositioning. Subsequently, the building achieved 100% occupancy, including attracting Omnicom, one of the world’s largest advertising agencies.

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1745 Broadway

1745 Broadway

1745 Broadway, also known as the Random House Tower and the Park Imperial Apartments, is a 52-story mixed-use commercial office space and luxury residential condominium property located in Midtown Manhattan. Skidmore, Owings & Merrill designed the office portion of the tower, which is on the lower floors, and Ismael Leyva Architects and Adam D. Tihany designed the residential portion, which is on the upper floors. The commercial portion is occupied by Random House.

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Shell-Mex House

Shell-Mex House

In 1999, Witkoff acquired Shell-Mex House, a 550,000 square foot office building located on London’s Strand, a major thoroughfare in the City of Westminster, Central London. Originally constructed in 1931in the Art Deco style, this building is “listed” by the government as a property of special architectural or historic interest. Following acquisition, Witkoff undertook a comprehensive redevelopment and fully leased the building.

New World Tower

New World Tower

Located on Biscayne Boulevard in Downtown Miami, New World Tower is a 30-story, 285,000 square foot office tower offering high-performance systems, unobstructed views across Biscayne Bay and the Atlantic Ocean, and 396 onsite covered parking spaces. Previously the headquarters of BellSouth, it has been comprehensively renovated and now features a contemporary granite and marble lobby with multiple flat-screen televisions, high-speed elevators, and 24/7 onsite security staffing. In addition to a state-of-the-art telecommunications system and an in-house data center/ colocation facility, tenants benefit from a backup generator system and layered security.

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25-35 Greene Street

25-35 Greene Street

In 2000, Witkoff acquired the largest single portfolio of cast-iron buildings in downtown Manhattan’s SoHo neighborhood. The seller had assembled this portfolio of 10 mixed-use residential and commercial properties over approximately 50 years in connection with their family business. All but one of the buildings (676 Broadway) are within the SoHo-Cast Iron Historic District, which is designated by the New York City Landmarks Preservation Commission, listed on the National Register of Historic Places, and has been declared a National Historic Landmark. Following acquisition, Witkoff legalized and renovated the buildings and leased up all residential, commercial, and retail spaces.

28-30 Greene Street

28-30 Greene Street

In 2000, Witkoff acquired the largest single portfolio of cast-iron buildings in downtown Manhattan’s SoHo neighborhood. The seller had assembled this portfolio of 10 mixed-use residential and commercial properties over approximately 50 years in connection with their family business. All but one of the buildings (676 Broadway) are within the SoHo-Cast Iron Historic District, which is designated by the New York City Landmarks Preservation Commission, listed on the National Register of Historic Places, and has been declared a National Historic Landmark. Following acquisition, Witkoff legalized and renovated the buildings and leased up all residential, commercial, and retail spaces.

32-34 Greene Street

32-34 Greene Street

In 2000, Witkoff acquired the largest single portfolio of cast-iron buildings in downtown Manhattan’s SoHo neighborhood. The seller had assembled this portfolio of 10 mixed-use residential and commercial properties over approximately 50 years in connection with their family business. All but one of the buildings (676 Broadway) are within the SoHo-Cast Iron Historic District, which is designated by the New York City Landmarks Preservation Commission, listed on the National Register of Historic Places, and has been declared a National Historic Landmark. Following acquisition, Witkoff legalized and renovated the buildings and leased up all residential, commercial, and retail spaces.

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10 Hanover Square

10 Hanover Square

Witkoff acquired 10 Hanover Square, located in Manhattan’s Financial District, in 1995. At the time, it was a 522,000 square foot office building. Following acquisition, Witkoff completed a gut renovation as part of an agreement to secure Goldman Sachs as a long-term tenant. When Goldman Sachs later vacated the building to move to their new corporate headquarters, Witkoff redeveloped the building into a 493-unit Class A rental building with ground floor retail and sold it to UDR, one of the largest national multi-family REITs.

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One Broadway

One Broadway

The International Mercantile Marine Company Building, also known as One Broadway, is a 185,000 square foot office building overlooking Battery Park and the New York Harbor in Manhattan’s Financial District. The building was originally constructed in 1882 and previous uses of the site included serving as headquarters for George Washington during the American Revolution. It was added to the National Register of Historic Places in 1991. Witkoff acquired One Broadway in 1996 through a purchase option made available by an existing tenant.

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420 Fifth Avenue

420 Fifth Avenue

420 Fifth Avenue is a 28-story Class A office tower that occupies the entire block between 37th and 38th Streets in Midtown Manhattan. This prime location in the heart of the largest central business district in the world is exceptionally accessible to and from the entire metropolitan region via mass transportation at Grand Central Station, the Port Authority Bus Terminal, and Penn Station. Witkoff acquired four contiguous floors of 420 Fifth Avenue comprising a total of 119,000 square feet in 2006. This space is fully leased to three high-profile corporate tenants: Major League Soccer, Totes Isotoner Corporation, and Fox-Pitt Kelton.

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866 Third Avenue

866 Third Avenue

Located in Midtown East on Third Avenue between 52nd and 53rd Streets, 866 Third Avenue is a 31-story mixed-use building acquired by Witkoff in 1997. Following acquisition, Witkoff optimized the building’s value by creating three condominiums. Ground floor retail, which is retained by Witkoff, is fully leased. Floors 2 – 11 were sold to Memorial Sloane Kettering in 1997. Floors 12 – 31 were sold to Marriott International in 2004 and operate as a Courtyard Marriott Hotel.

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90 Long Acre

90 Long Acre

90 Long Acre is a 194,000 square foot office building located in London’s Covent Garden district. After acquiring this property in 2006 and redeveloping it, Witkoff successfully navigated a market down cycle before fully leasing vacant space. High-profile tenants have included Eurohypo AG, Virgin, and Regus.

485 Lexington Avenue

485 Lexington Avenue

485 Lexington Avenue is a 756,000 square foot, 32-story office tower located in Midtown Manhattan in close proximity to Grand Central Terminal. In 2004, Witkoff acquired this property in partnership with SL Green Realty Corporation. Together, the two firms undertook a major capital investment and remarketing program, which resulted in significant value appreciation.

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31 West 27th Street

31 West 27th Street

In 2006, Witkoff acquired a 108,000 square foot office building in Manhattan’s Chelsea neighborhood from an estate managed by an institutional bank. Following acquisition, the firm began an active management plan, including buying out below-market tenants; making capital improvements to the lobby, windows, HVAC, and elevator systems; and re-marketing all spaces at market rate. Witkoff sold 31 West 27th Street in 2009.

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125 Broad Street

125 Broad Street

125 Broad Street is a 40-story Class A office tower located in Manhattan’s Financial District. In 1998, Witkoff purchased two condominium units totaling 525,000 square feet and fully leased all vacant space.

72-76 Greene Street

72-76 Greene Street

In 2000, Witkoff acquired the largest single portfolio of cast-iron buildings in downtown Manhattan’s SoHo neighborhood. The seller had assembled this portfolio of 10 mixed-use residential and commercial properties over approximately 50 years in connection with their family business. All but one of the buildings (676 Broadway) are within the SoHo-Cast Iron Historic District, which is designated by the New York City Landmarks Preservation Commission, listed on the National Register of Historic Places, and has been declared a National Historic Landmark. Following acquisition, Witkoff legalized and renovated the buildings and leased up all residential, commercial, and retail spaces.

100 Wall Street

100 Wall Street

100 Wall Street is a 29-story, 509,000 square foot Class A office tower located in Manhattan’s Financial District. Originally designed by legendary architecture firm Emery Roth & Sons in 1969, it was acquired by Witkoff in 1997 and resold at a substantial profit within nine months.

80-90 Maiden Lane

80-90 Maiden Lane

80–90 Maiden Lane is a 535,000 square foot office building in Manhattan’s Financial District. Witkoff acquired this property in 1998 and sold it in 2000.

470 Broome Street

470 Broome Street

In 2000, Witkoff acquired the largest single portfolio of cast-iron buildings in downtown Manhattan’s SoHo neighborhood. The seller had assembled this portfolio of 10 mixed-use residential and commercial properties over approximately 50 years in connection with their family business. All but one of the buildings (676 Broadway) are within the SoHo-Cast Iron Historic District, which is designated by the New York City Landmarks Preservation Commission, listed on the National Register of Historic Places, and has been declared a National Historic Landmark. Following acquisition, Witkoff legalized and renovated the buildings and leased up all residential, commercial, and retail spaces.

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33 Maiden Lane

33 Maiden Lane

33 Maiden Lane is a 27-story, 600,000 square foot office tower located in Manhattan’s Financial District. Witkoff acquired this property in 1996 through the purchase of a defaulted note from a Japanese institutional lender and a subsequent friendly foreclosure action. Following acquisition, Witkoff leased a substantial portion of the tower to the Federal Reserve Bank of New York.

676 Broadway

676 Broadway

In 2000, Witkoff acquired the largest single portfolio of cast-iron buildings in downtown Manhattan’s SoHo neighborhood. The seller had assembled this portfolio of 10 mixed-use residential and commercial properties over approximately 50 years in connection with their family business. All but one of the buildings (676 Broadway) are within the SoHo-Cast Iron Historic District, which is designated by the New York City Landmarks Preservation Commission, listed on the National Register of Historic Places, and has been declared a National Historic Landmark. Following acquisition, Witkoff legalized and renovated the buildings and leased up all residential, commercial, and retail spaces.

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84 William Street

84 William Street

In 2000, Witkoff acquired a commercial office building at 84 William Street in the Financial District and converted it into a 121-unit apartment building utilizing incentives for redevelopment of downtown Manhattan, including New York City’s 421-g Tax Incentive program.

130 Fifth Avenue

130 Fifth Avenue

130 Fifth Avenue is a 141,000 square foot Class A office building in Manhattan’s Flatiron District that Witkoff acquired in 1999.

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21-27 Mercer Street

21-27 Mercer Street

In 2000, Witkoff acquired the largest single portfolio of cast-iron buildings in downtown Manhattan’s SoHo neighborhood. The seller had assembled this portfolio of 10 mixed-use residential and commercial properties over approximately 50 years in connection with their family business. All but one of the buildings (676 Broadway) are within the SoHo-Cast Iron Historic District, which is designated by the New York City Landmarks Preservation Commission, listed on the National Register of Historic Places, and has been declared a National Historic Landmark. Following acquisition, Witkoff legalized and renovated the buildings and leased up all residential, commercial, and retail spaces.

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370 Lexington Avenue

370 Lexington Avenue

In 1996, Witkoff acquired a multi-tenanted 247,000 square foot Art Deco style office building in a structured, tax-efficient manner via a leasehold/fee structure. Located at 41st Street and Lexington Avenue in Midtown Manhattan, it provides excellent access to Grand Central Terminal.

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20 Exchange Place

20 Exchange Place

20 Exchange Place is a 57-story Art Deco building located in Manhattan’s Financial District. Originally designed in 1929 by the Cross & Cross architectural firm, it was designated as a New York City Landmark in 1996 and has been featured in several major Hollywood movies. Witkoff acquired this property in 1997 and implemented an active management program, including significant capital improvements and successful marketing of the vacant space. The Federal Deposit Insurance Corporation was a major lessee. Witkoff sold 20 Exchange Place in 2004 to a residential developer.

590 Fifth Avenue

590 Fifth Avenue

590 Fifth Avenue is a commercial office and retail property in Manhattan’s prestigious Plaza District. Witkoff acquired this property in 1998 through the purchase of a note from a Japanese institutional lender and completed the lease-up.

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180 Maiden Lane

180 Maiden Lane

180 Maiden Lane is a 1.2 million square foot vertical corporate campus located in Manhattan’s Financial District, steps from the East River Waterfront Esplanade and the South Street Seaport. In 2004, Witkoff made a loan on this property and acted as special servicer for the lending group. The property was sold in 2008.