December 8, 2021 People, Real Estate, Restaurant/Bar News
REMEMBERING THE QUEEN OF CAKES
The Times had a wonderful obit on Sylvia Weinstock, the famed wedding cake maker who died on Nov. 22. They also ran recollections from four clients whose cakes Sylvia created in a separate story. Said one groom-to-be: “I thought we were insane to fly [from Florida] to see a woman who was called ‘the godmother of cakes,’” said Mr. Gellman, the chief executive of Vertical Bridge, a private owner of cellphone towers. “But once we met her, tasted her cakes and talked to her, you understood how important she was.”
A BIG SALE AT 443 GREENWICH
Crain’s reports that the “deal of the day” was the $49.5 million someone — “443 GS PHH” — spent for Formula One race car driver Lewis Hamilton’s penthouse at 443 Greenwich — the one that he never lived in. (It is 8900 square feet on three floors with 3500 square feet of terrace and a plunge pool.) The other deal for Dec. 6 was at 6 Harrison, where an LLC purchased a commercial lot for $14 million from Communication Workers of America Local 1180 Members’ Annuity Fund. I assume that’s one floor in the commercial condo that is the Mercantile Exchange?
RIGHT TO BEAR ARMS
One of the partners in the Brandy Library lost a suit with the NYPD over his right to carry a gun, which he has done for 50 years, according to a story tailor made for The Post. The Police Department refused to grant his application for a renewal of his gun permit since, they said, he didn’t justify the need.
ONE WORLD TRADE IS REFINANCED
Crain’s has a story that New York State will issue $700 million in bonds to refinance debt used for One World Trade Center, but the part that I found surprising is that 90 percent of its 3 million office space is leased, according to an April Port Authority bond offering document. 7 World Trade Center was 95% occupied as of Sept. 30, according to Silverstein’s quarterly management report.
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90% of WTC is leased? I don’t believe it for a second. I’d wager they manipulated the number to refinance.
I wouldnt base leasing on the visual, as spaces get leased and take time for tenant build out