Posted Feb 3, 2015, 7:21 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,295
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NEW YORK | 218 Madison Avenue | FT | 10 FLOORS
Project: 218 Madison Avenue
Quote:
Alex Sapir and Rotem Rosen’s Israeli public company, ASRR Capital, along with Suzer Group, the Turkish conglomerate led by the Suzar family, bought a large townhouse at 218 Madison Ave. that will be demolished for a 10-story luxury property.
The venture paid $18.5 million for the site at the corner of E. 36th St., according to a report in the Israeli media.
The plan of the venture is to develop 10 high-end, full-floor apartments, private underground parking, and a gym and spa for residents along with retail and a restaurant led by an important chef, sources said.
Some of the features of the circa-1800s building — like the elaborate stained glass skylight — will be moved to the new penthouse apartment.
Arkadi Novikov, who runs the exclusive Novikov Restaurant & Bar in London, was in New York last week and visited the site, sources told The Post.
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http://nypost.com/2015/02/01/madison...oes-for-18-5m/
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