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Entries for the ‘Business’ Category

Developers The Kaufman Organization to create 4 tech ready office buildings in Nomad

Real estate developers The Kaufman Organization recently leased four buildings in Nomad from Extell Development Company (who bought the buildings from the notorious Ring brother’s portfolio) and is gutting the interiors to make contemporary office space for tech companies and startups, reports the New York Times. The half forgotten and nearly vacant buildings at 13 […]

Flatiron startup Crowdnetic gets funding from Ross Perot Jr and Anurag Jain

Flatiron startup Crowdnetic (37 W. 17th St.) has just announced seed funding from Perot Jain, LP, the firm backed by Ross Perot Jr and Anurag Jain.

Crowdnetic provides data and info solutions to the global crowdfinance space, and has two primary products, Lendvious (‘comprehensive marketplace for peer finance borrowers and investors, provides the powerful tools and detailed information needed to make informed peer finance decisions’.) and CrowdWatch (‘aggregates and normalizes issuer information for thousands of private companies publicly raising capital (“PIPRs”) and provides easy access to analyze, compare and research PIPRs and securities-based real estate crowdfunding investments’.)

Crowdfunding has rapidly grown from simple peer-to-peer lending to become a complex global phenomenon, and Crowdnetic brings essential transparency and stability to the marketplace,” said Perot Jr. “

You can read the full announcement at www.prunderground.com/ross-perot-jr-and-anurag-jain-make-strategic-investments-in-crowdnetic/0038663/.

777 foot luxury condo tower to be built on 22nd Street in the Flatiron

[caption id="" align="alignright" width="216"] Image from KPF via newyorkyimby.com[/caption]

Word is in that a 60 story, 777 foot new glass condo tower will be moving forward at 41 East 22nd Street (between Broadway and Park Avenue South). The new building is being developed by Bruce Eichner of Continuum, with Kohn Pederson Fox and Goldstein Hill & West as the architects.

This is just a few buildings down from the One Madison Park glass tower at 23 East 22nd Street. Most units at One Madison Park had nothing blocking their views in any direction, but this building will be right up there with them.

Of course the whole neighborhood is red hot for real estate, and One Madison Park leads the way with recently announced purchases by Rupert Murdoch (top 4 floors for 57.3 million) and Tom Brady and Giselle.

The rumor is that Bruce Eichner bid on the once distressed One Madison Park development and lost to Related Co and HFZ Capital Group, so this is his attempt to one-up them with a higher tower according to the real estate gossip circles.

The building seems a bit out of place at that height, changing the cityscape of the neighborhood, and will become the largest building between the Empire State Building and the Financial District.

Open House: Stunning 4 bedroom Penthouse overlooking Madison Square Park at the Grand Madison

[caption id="" align="alignright" width="300"] Image via Corcoran.com[/caption]

There is a pretty amazing 4 bedroom penthouse condo just listed for sale at the Grand Madison (225 5th Avenue on Northwest corner of Madison Square Park).

It looks like the first open house is Sunday (April 27th from 3:00 PM – 4:30 PM). The 4 bedroom duplex has killer views on to Madison Square Park and is listed as 2900 square feet (plus 900 square feet of outdoor space) and priced at $7,995,000.

So if you just sold your startup or made some big time gains in the stock market (or Atlantic City), this could be a place worth checking out.

Located on Madison Square Park, the Grand Madison is one of the first of the recent condo conversions on Madison Square Park and features a full time concierge at the front desk and a doorman all day/evening plus a gym and a dry cleaning/house cleaning valet right in the building.

See more photos of this unit at www.corcoran.com/nyc/Listings/Display/3243681

With its continued popularity, Madison Square Park is called the “Other Central Park” by The Observer

Madison Square Park LawnThe Observer recently wrote up a piece called The Other Central Park: Madison Square Park’s Residential Renaissance that is worth a read.

They look at the rise and fall and rise again of the One Madison ultra-luxury condo tower, now claiming resident owners such as Tom Brady & Giselle, plus Rupert Murdoch, as well as the flourishing restaurant scene and other residential projects to show how Madison Square Park is becoming one of the (of not the) premier residential neighborhoods in New York City.

Mr. Murdoch’s choice of Madison Square Park represents perhaps the most heavyweight endorsement to date of the neighborhood, which has, in the last few years, become known as a favorite of celebrities.

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