Carlton's $800m Manhattan House deal.Carlton Advisory Services' Chairman Howard L. Michaels announced that his company has been retained on an exclusive basis by developers, Jerry O'Connor Jerry O'Connor (born January 25, 1979) is an Irish sportsperson. He plays hurling with his local club Newtownshandrum and with the Cork senior inter-county team. Early & private life Jerry O’Connor was born in the village of Newtownshandrum, County Cork in 1979. , of O'Connor Capital Partners, and Richard Kalikow, of Manchester Real Estate, to arrange a highly structured $800 million joint venture and condominium conversion financing package for one of the largest and most exciting projects in Manhattan, the condominium conversion of Manhattan House. Manhattan House occupies a full block on the Upper East Side and features 583 large, well-designed apartments. The property contains a total of 1,030,000 gross square feet of prime residential, retail, professional and parking space. Built by the New York Life Insurance Company The New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world.[3] in 1950, the property was designed by one of 20th century's greatest modern architects, Skidmore, Owings and Merrill Skidmore, Owings and Merrill, American architectural firm founded in 1936 in New York City by Louis Skidmore (1897–1962), Nathaniel A. Owings (1903–84), and John O. Merrill (1896–1975). . Because of its high quality, excellent reputation and irreplaceable full block setting, the borrower anticipates strong demand for the property as a condominium. The borrower intends to convert Manhattan House into an ultra luxurious condominium building by investing significant capital for various improvements that will allow for the creation of outstanding, highly designed and contemporary common area spaces, significant amenity upgrades and the modernization of many of the units. Over the past 12 months alone, the company has closed some of the largest deals in the country including The General Motors Building in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , The Bank of America Center There are two Bank of America Centers
|
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion