Allied Partners is a privately held real estate investment, development and asset management company founded in 1993. Allied’s reputation for identifying creative and innovative solutions to a myriad of complex physical, legal, and financial challenges remains unrivaled. Our financial acumen, construction and redevelopment expertise, and highly creative rebranding and repositioning strategies allow us to capture the evolving lifestyles and needs of our clients, which enables the sustainable, long-term appreciation of our portfolio.
Over its three decades, Allied has amassed a portfolio of 35 properties valued in excess of $3 Billion. By prioritizing the mitigation of downside risk rather than relying on market timing or short-term gains, we have consistently outperformed the overall market.
Allied is currently developing a 1,000-foot-tall mixed-use tower in Midtown Manhattan, which combines a five-star hotel, state-of-the-art amenities, co-working space, and New York’s finest residential condominium. This one-of-a-kind structure is designed to reflect the new paradigm for world-class urban living.
VALUE ADDING REAL ESTATE TRANSACTIONS
1 East 57th Street, New York, NY
This 15-story retail and office building occupies the northeast corner of 57th Street and Fifth Avenue, among the most valuable retail locations in the world. When Allied Partners acquired the property, the first 11 floors were under long-term lease to Time Warner. Allied Partners negotiated the buy-out of the Time Warner lease, vacated the upper floors, and subsequently sold the entire building to LVMH, the European luxury goods retailer at a then record price of over $2,400 per square foot.
Citigroup Center, New York, NY
In partnership with Boston Properties, Allied Partners acquired this prestigious 1.65 million square foot office building in April 2001. One of the world’s most recognizable skyscrapers, this 59-story office tower and 7-story retail building represented a rare opportunity to acquire one of New York’s trophy properties. Allied Partners sold its interest in Citigroup Center to Boston Properties at a substantial profit.
Brill Building, New York, NY
The Brill Building at 1619 Broadway between 49th and 50th Streets is a 175,000 square foot mixed-use office and retail building known for being New York’s iconic center of songwriting and entertainment. Built in 1931, the 11-story landmark historic building is famous for housing music industry offices and studios where some of the most popular American songs were written. It is considered to have been the center of the American music industry that dominated the pop charts in the early 1960s.
The Savoy Hotel, Miami Beach, FL
Located in the heart of South Beach, this Art Deco hotel occupies approximately 200 linear feet of prime oceanfront land between 4th and 5th Streets on Ocean Drive on a two acre-site. Upon completion of this redevelopment, the hotel will contain approximately 100 hotel rooms, 10,000 square feet of restaurant space, meeting rooms and a full-service spa.
285 Lafayette Street, New York, NY
This 100,000 square foot loft building in New York’s historic Soho district is widely recognized as one of the most creative and successful projects of its kind. Allied purchased the mortgage from the FDIC in partnership with the ten existing residential artist tenants. Allied gut renovated the building and constructed 4 additional floors while the building remained occupied. A total of 31 condominium units were created with a new standard of luxury for downtown residential conversions. Apartment resales continue to achieve among the highest prices per square foot in the market today. The 30,000 square feet of retail space was leased to the New York Public Library and Polo Ralph Lauren.
Studio 54, New York, NY
When Allied Partners acquired Studio 54, this former theatre was dilapidated and vacant. Allied gut rehabilitated the entire structure, creating a state-of-the-art Broadway theatre and a specialty office building targeting entertainment industry tenants. The building has been consistently 100% leased since its acquisition in 1994. The theatre was rented to the Roundabout Theatre Company, which subsequently purchased the theatre portion of the property from Allied Partners.
Get In Touch
We welcome the opportunity to speak with you. Please use the form below should you need additional information, or if you prefer, contact our office at: 212.935.4900
770 Lexington Avenue
New York, NY 10065