REPRESENTATIVE REALESTATE TRANSACTIONS
Citigroup Center
601 Lexington Avenue 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.
LVMH Building
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.
The Savoy Hotel
425 Ocean Drive 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. View The Savoy Hotel Miami website here.
400 Collins Avenue
Miami Beach, FL
Allied Partners acquired this 98,000 square foot development site located on the corner of Collins Avenue and 4th Street in 2011. Allied Partners has approvals for a seven-story mixed use building consisting of grade-level retail, a 150 car multi-level parking garage, and four residential units and duplexes.
54 West 40th Street
New York, NY
The building was acquired in 2010 and directly overlooks Bryant Park. After gut renovating and repositioning the building, Allied Partners leased the entire property to WeWork in 2012 which was among their first locations. This building continues to be one of the most valuable in WeWork’s global portfolio.
Miami Ironside
7610 NE 4th Ct, Miami, FL
Allied Partners provided financing for an innovative developer in the redevelopment of a once industrial multi-block area into a vibrant, multidisciplinary urban center comprised of 49 showrooms, studios, and co-working spaces for a diverse grouping of architects, interior designers, material and furniture designers, boutique retailers, creative services, and art galleries.
Brill Building
1619 Broadway, 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.
568 Broadway
New York, NY
Located on the northeast corner of Broadway and Prince Street, 568 Broadway is considered one of SoHo’s finest retail and office locations. Tenants are drawn to the 12-sotry, 380,000 square foot building because of the location, architectural quality, and abundant natural light with three elevations of oversized windows. The building’s prominent location provides tenants with direct access to a myriad of retail and culinary amenities as well as numerous tourist attractions.
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.
770 Lexington
New York, NY
Allied Partners in partnership with Brown Harris Stevens, acquired 770 Lexington Avenue, a 20-story office building located on the corner of 60th Street and Lexington Avenue. The property is now the headquarters of Terra Holdings, parent of Brown Harris Stevens and Halstead Property, and is undergoing extensive cosmetic and systems renovations to reposition the building into a premier retail and office property.
Studio 54 Office Building
254 54th Street, 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.
50 West 40th Street
New York, NY
Allied Partners acquired this iconic building directly overlooking Bryant Park. Vacant at the time, Allied Partners gut renovated and repositioned it for use as a school. CUNY leased the building for the launch of Guttman College which has proven hugely successful and has recently extended their lease.
Braewold Farms
Mount Kisco, NY
Spanning 50 picturesque acres of rolling landscape, Braewold Farms has been the subject of a $12 million capital improvement project, which has meticulously restored the historic Addison Hutton-designed main house while introducing modern luxury upgrades. These renovations include the addition of English gardens, a fruit orchard, a state-of-the-art sports barn, a full-service spa, tennis courts, bocce courts, a swimming pool, a 3 acre stocked fishing pond, an Olympic sized equestrian ring, horse stables and more.
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Address
770 Lexington Avenue
9th Floor
New York, NY 10065
Phone
(212) 935-4900