Downtown trend continues with $4.5m landmark sale.As further evidence of the trend of residential conversion of commercial space in Downtown Manhattan, 23 South William Street William Street may refer to:
The landmark building, originally constructed in the 1920's, sits in the historic "Stone Street " area of the financial district and is slated for renovation by the new owner to transform it to luxury residential housing. Martha Burton along with Matthew Bergey of CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) represented John and Diana Herzog, owners of Block Hall Development Company, in sale negotiations. John Herzog, financier and entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. , originally purchased the 25,000-sf landmark property as offices for RM Smythe & Co which he has owned since 1967 and which is managed by his wife Diana. In 1988, Mr. Herzog founded the Museum of American Financial History which is now associated with Washington's prestigious Smithsonian Institution Smithsonian Institution, research and education center, at Washington, D.C.; founded 1846 under terms of the will of James Smithson of London, who in 1829 bequeathed his fortune to the United States to create an establishment for the "increase and diffusion of . "John and Diana Herzog are passionately interested in preserving the financial history of downtown and are committed to Lower Manhattan's future stability," said Ms. Burton. "Mr. Kennelly is similarly interested in seeing the Downtown area reborn re·born adj. Emotionally or spiritually revived or regenerated. reborn Adjective active again after a period of inactivity Adj. 1. as a true 24-hour community." |
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