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Sandro Rosell
FC Barcelona President
Monday, March 27, 2017

Real Estate

In 2015, Chetrit Partners and Somerset had announced plans to undergo a development project in the South Bronx between 2401 Third Avenue and 101 Lincoln Avenue. The mixed residential and commercial complex will contain 1,300 units on the Mott Haven waterfront. 

There will be seven buildings in total, each of which will be 25 stories tall. There has been a one year lag in the development of the area due to the Developers decision to change the plan to include only two towers that would cost between $300- $400 million. Chetrit and Somerset have since had a change of heart and have decided to revert to the original model, which will include 430 rentals, 164 of which will be studio apartments, 96 of which will be one bedrooms, 133

In 2007 Warren Spector, former Co-President of Bear Stearns, bought a 16,560 square foot townhouse, which also included an extra 5,000 square feet of space outdoors, on West 10th Street. The house is reportedly 55 feet wide and six stories tall.  It cost him $34.5 million a decade ago. Now, that same house is back on the market with an asking price of $59 million, after some improvements.

Mr. Spector bought the house with his wife Margaret Whitton, an actress who passed away at the end of

In the Bedford-Stuyvesant area of Brooklyn, Brookland Capital is planning the construction of five buildings on Madison Street, each with seven apartments, according to a permit application filed on Friday, February 17, with the city’s Department of Buildings.

The five apartment buildings would each span around 5,000 square feet across four stories. The buildings will be filling the vacant lots from 654 to 658 Madison, as well as replace the two single-family houses located at 650 and 652

Brooklyn’s neighborhood of Bedford-Stuyvesant is about to receive its most expensive complex. According to The Real Deal’s sources, the developers of the seven-building Cascade condominium complex have dropped its plans for religious housing and will instead install luxury apartments. 

A group of investors from the Hasidic Satmar community in Williamsburg are the developers, who are planning to put the majority of the 301 apartments in the building constructed on the property that formerly

Paul Manafort, President Trump’s former campaign manager, is now facing a different sort of controversy. His neighbors are complaining that his four story brownstone is the local eyesore. Manafort resigned as campaign chairman in August when the presidential candidate’s polls were lagging. There was increased scrutiny of Manafort's earlier work in the Ukraine on behalf of pro-Russian figures, such as Viktor Yanukovych, the country's former president. There were reports that a pro-Russian