Office, Retail, and Mixed Use Projects
St. Vincent's Hospital Project, Manhattan: The G&F team handled the acquisition by the Rudin family of the 590,000 square foot St. Vincent's Hospital development site in the West Village in Manhattan. This project is one of the largest, most complex and most transformative luxury mixed use residential condominium projects in New York City. In addition to the acquisition out of bankruptcy, G&F handled the acquisition and construction financing in excess of a half billion dollars and joint venture agreements with international equity partners.
3 Times Square, New York City: Construction of an 855,000-square-foot office building in Times Square. The transaction included (a) the acquisition and renegotiation of a ground lease with the state of New York, which involved government incentives associated with the Times Square redevelopment zone, (b) a combined construction and permanent mortgage loan, (c) a joint venture agreement, (d) a lease with (the building's prime tenant), the Bank of Montreal and Bain & Co., (e) clearing the site of existing tenants, and (f) construction management agreements, architect's agreements, engineer's agreements and many consulting agreements.
32 Avenue of the Americas, New York City: Acquisition of a 1 million-plus-square-foot building in lower Manhattan (AT&T's headquarters) and a leaseback of more than 400,000 square feet to AT&T. The project included the conversion of a substantial part of the building to a highly sophisticated telecommunications facility with a hub room and leases with Qwest, MCI WorldCom, Global Crossing, Bell Canada, Global One, Tycom and Cogent, among others.
55 Broad Street, New York City: Gut renovation of the 400,000-square-foot New York Information Technology Center, once a vacant office building in downtown Manhattan, and renovation to create the first building in "Silicon Alley" (New York's downtown high-tech district) with state-of-the-art telecommunications infrastructure and "plug-in" capability. Goldfarb & Fleece worked closely with the client and city and state officials to establish a local Business Incentive District and to obtain a wide range of tax and energy benefits and incentives to promote the area.
Suffern, New York: The demolition of an existing research and development facility and construction of a new 225,000-square-foot research and development facility, including architect's agreement, construction manager's agreement and project controls manager's agreement.
Murdock Carousel Shopping Center, Port Charlotte, Florida: Sale of parcel of land to Lowe's Inc. and reconfiguration of balance of shopping center. The project included: (a) the sale of a 10.54-acre parcel of land in a 30.82-acre shopping center; (b) the relocation or termination of leases with various tenants and leases with new tenants; (c) the declaration of covenants, conditions and restrictions among buyer, seller and outparcel neighbors, superseding existing declarations of record; (d) site plan approval; and (e) site development agreement.
The Reserve, Danbury, Connecticut: Site acquisition of a 290-acre mixed-use development site in Danbury, Connecticut, for WCI Communities Inc.
54 Bond Street, New York City: Acquisition and development of a luxury mixed-use condominium with high-end retail
397 West 12th Street, New York City: Site acquisition and development of 10-story condominium building
Residential Development Projects
130 West 12th Street, New York City: Site acquisition and development of a 44-unit luxury condominium project in Greenwich Village
Bellefair, Rye Brook, New York: Site acquisition and construction loan financing for a 278-home residential community in Rye Brook, New York, developed by the Benenson Capital Co. and Spectrum Skanska Inc.
456 West 19th Street, New York City: Acquisition and development of a luxury residential condominium for Westport Capital
Mansion Ridge, Monroe, New York: Site acquisition, construction loan financing and reciprocal easement agreements for a 110-home luxury residential golf community adjacent to a Jack Nicklaus signature golf course for Spectrum Skanska Inc.
Madison Avenue and 91st Street, New York City: Acquisition from Citibank of a development site for a luxury condominium building for Oaktree Capital Management, LLC/The Tamarkin Co.
140 Perry Street, New York City: Acquisition and gut renovation of an existing commercial building to create a residential luxury "white box" loft condominium for Oaktree Capital Management, LLC/The Tamarkin Co.
495 West Street, New York City: Acquisition and construction of a new building consisting of residential luxury "white box" condominium units for Oaktree Capital Management, LLC/The Tamarkin Co.
206 West 17th Street, New York City: Conversion of a former Barney's building from a commercial building into a residential luxury "white box" loft condominium with ground-floor retail space for Oaktree Capital Management, LLC/The Tamarkin Co.
Valimar, Greenburgh, New York: Acquisition of site and construction financing for a 165-home cul-de-sac community for Spectrum Skanska Inc.
The Legend Yacht and Beach Club, Glen Cove, New York: Acquisition of site and construction financing for a 47-home luxury waterfront community with marina for Spectrum Skanska Inc.
The Legends at Purchase, Purchase, New York: Acquisition of site and construction financing for a 21-home luxury community for Spectrum Skanska Inc.
Discovery Cove at Half Moon Bay, Croton on Hudson, New York: Acquisition of membership interest and construction financing for 158 luxury waterfront homes for Spectrum Skanska Inc.
Chicago, Illinois: Acquisition of land and development of warehouse and office facility for Nippon Express
Encore Monroe Active Adult Community, Monroe Township, New Jersey: Construction financing for active adult community for Spectrum Skanska Inc. and Kalian Companies
Legends at Half Hollow, Dix Hills, New York: Acquisition of site and construction financing for a 45-home luxury community for Spectrum Skanska Inc.
Traditions at Historic Southbury, Southbury, Connecticut: Construction financing for a 150-unit planned residential community for Spectrum Communities
Terra Nova at Westport, Westport, Connecticut: Acquisition of site and construction financing for a 54-unit planned residential community for Spectrum Communities
Encore Atlantic Shores Active Adult Community, Brookhaven, New York: Acquisition and construction financing for 240 active adult condominium units for Spectrum Communities
Low Rise Section, Lincoln Square Condominium, New York City: Acquisition and sale of 79 luxury condominium units for Oaktree Capital Management, LLC
Encore Lake Grove Active Adult Community, Lake Grove, New York: Acquisition and construction financing for 228 active adult condominium units for WCI Communities Inc.
Four Corners, East Fishkill, New York: Acquisition for a 261-unit planned residential community for WCI Communities Inc.
The Watermark, North Bergen, New Jersey: Acquisition for a 206-unit, 12-story luxury residential condominium tower for WCI Communities Inc.
Rehabilitation of former Saks Fifth Avenue Department Store building in Garden City, New York; development of mixed-use project anchored by Winthrop Hospital Wellness Center and Morgan Stanley.