In the News: More Major Real Estate News in Northwest Tribeca

••• “A long-stalled Tribeca development project may finally be revived, courtesy of a partnership between developer Metro Loft Management and a Russian billionaire. They are in contract to buy the property for $150 million, according to sources. The vacant, seven-story office building located at 443 Greenwich [between Vestry and Desbrosses] was supposed to be converted into a luxury condo hotel under its previous owner, Kar Properties [financial trouble, default, foreclosure, blah blah blah]. Metro Loft, run by Nathan Berman, has quietly become the largest landlord of luxury rental apartments in the financial district by converting stately downtown office buildings into rental buildings. Mr. Berman […] has roughly 2,200 apartments under management.” He’s also involved with the conversion of 70 Pine. —Crain’s 

••• It’s pretty remarkable that the New York Times hasn’t reviewed Atera.

••• Mayor Bloomberg won’t allows any politicians to speak at the 9/11 anniversary, possibly as punishment because the New Jersey and New York governors are trying to take over the memorial. To be honest, I couldn’t care less. But! The Wall Street Journal article on it did confirm that the exquisite “Tribute in Light” will once again happen this year (I was recently talking to someone who thought it wasn’t).

••• “NYC architect Dash Marshall was commissioned to design a ‘room within a room’ in a Tribeca loft; in the process, he created an era within another era.” —Remodelista

••• “Patrick Foye, executive director of the Port Authority, announced his support for returning ‘The Sphere’ to the 9/11 Memorial Plaza.” —Broadsheet

••• “After a decade with Tribeca Film, today is Nancy Schafer’s last day as executive director of the Tribeca Film Festival and executive VP of Tribeca Enterprises.” —IndieWire

 

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