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Commercial condo is sold at 17 Battery Park Place South.


The Moinian Group, a New York-based development company, has acquired a 440,000square-footcommercial condominium at 17 Battery Place South in Downtown Manhattan for $42 million.

The sale by Upper Partners LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 was arranged exclusively by Richard Baxter This article is about the clergyman. For the jurist, see Richard Baxter (jurist).)
Richard Baxter (November 12, 1615 - December 8, 1691) was an English Puritan church leader, theologian and controversialist, called by Dean Stanley "the chief of English Protestant Schoolmen".
, Ron Cohen cohen
 or kohen

(Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male.
 and Ann Murphy of Insignia/ESG Capital Advisors Group.

The Moinian Group is currently converting its interest in the building into approximately 500 Luxury rental apartment units. The Moinian Group expects renting for The Ocean at One West Street, as the apartment component of 17 Battery Place South will be known, to begin in the spring of 2000, with occupancy to begin in the summer of 2000.

"The demand for rentals in the Downtown Manhattan neighborhood is increasing exponentially each year, and we are working to meet these growing needs by creating new residential communities unlike no other in Manhattan," said Moinian. "The Financial District's healthy rental market has prompted a number of conversion projects over the past few years. We are responding to this growing demand, first with the conversion of 100 John Street and now with The Ocean."

The building, a brick and terra-cotta structure built in 1902, is located at the southern tip of Manhattan, facing the newly renovated Battery Park. Joseph Moinian, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of The Moinian Group, plans to convert the top 18 floors of the building from office space to residential apartments, which will command unobstructed, sweeping views of New York Harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey".  and the Hudson River Hudson River

River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629.
. The apartments also will have the latest in built-in telecommunications access as part of Moinian's conversion project.
COPYRIGHT 1999 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:to the Moinian Group
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Oct 20, 1999
Words:257
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