RAL Development – Union Square Redevelopment
Representing RAL Development on the redevelopment of 124 East 14th Street into a tech-focused office space.
Representing RAL Development on the redevelopment of 124 East 14th Street into a tech-focused office space.
Successfully helped BFC Partners obtain New York City Council approval to redevelop the Bedford Union Armory in Crown Heights, Brooklyn, into a 500,000-square-foot, mixed-use property with a recreational facility, community venue and office and commercial space. BFC is also bringing 400 units of housing to the Bedford Courts project, 60% of which will be set aside as affordable.
Represented L+M Development Partners in a $350+ million financing transaction for the construction and development of a 45-story mixed-use condominium building at 25 Park Row in lower Manhattan. The site is the former headquarters of J&R Music World.
Herrick represented Deutsche Bank in zoning due diligence for the redevelopment of 150 Rivington Street, the former site of Streit's Matzo Factory.
Represented a major New York developer in an expedited zoning determination from the Department of Buildings on a complicated and oddly-shaped hotel site in Chinatown.
Represented Centennial Bank in a $54 million construction loan to 31st Street ZEF LLC. The loan was secured by a 40-story, 42 unit condominium tower located at 30 East 31st Street.
Representing the developers of Brooklyn Bridge Park's Pierhouse hotel and condominium project, in a suit filed by activists, alleging that the project violates the Special Scenic View District regulations established under the Zoning Resolution.
Representing a major healthcare institution in zoning and land use matters related to their real estate portfolio, and potential acquisitions.
Advised a national communications service provider with respect to zoning and land use matters for their portfolio of New York City real estate, including potential acquisitions, re-use and redevelopment opportunities.
Represented Madison Realty Capital in zoning due diligence and 421-a vesting due diligence for a new two-building rental complex in Bushwick, Brooklyn.
Representing Property Markets Group regarding New York City’s rezoning study for the Gowanus Canal area.
Advised Madison Realty Capital on zoning due diligence for their $78 million acquisition of two industrial buildings in Jamaica, Queens.
Advised Madison Realty Capital on zoning due diligence for a $88 million construction loan to a seven building multi-phase development in Bedford-Stuyvesant, Brooklyn.
Successfully secured New York City Council approval for Josif A LLC’s 226,000 square-foot retail development in the Mariner’s Harbor section of Staten Island. Herrick's Land Use and Zoning Group navigated a multi-year public and environmental review process which included interacting with local council member Deborah Rose, as well as the chairs of the City Council’s Zoning Subcommittee, Donovan Richards, and its Land Use Committee, David Greenfield; and culminated in the City Council’s approval of the project’s Uniform Land Use Review Procedures (ULURP) application. The large retail development will be anchored by a 90,000 square-foot BJ’s Wholesale Club, and will include other retail buildings, including a supermarket and gas station. The project will result in the creation of 800 to 1,000 construction jobs, and approximately 440 permanent jobs in the community.
Represented 115 Spring Street Company in formation and sale of a Soho retail condominium to SL Green.
Represented Mitsui Fudosan America in land use diligence in advance of a $259 million investment in 55 Hudson Yards, Related Companies' 1.3 million square-foot, Hudson Yards office tower.
Advised a consortium of four large financial services companies on the sale of 333,000 square-feet of development rights in Manhattan's South Street Seaport to the Howard Hughes Corporation.
Represented Greystar Real Estate Partners in the $211 million acquisition and mortgage financing of a 204-unit multifamily building in Manhattan's Chelsea neighborhood.
Represented Read Property Group on their applications to various New York City agencies for the rezoning of the Rheingold Brewery site in Bushwick, Brooklyn.
Represented an affiliate of HK Organization in the joint venture acquisition of The Chocolate Factory, a large mixed-use building in Brooklyn.
Representation of a developer in obtaining special permit zoning approvals from The City Planning Commission for a Soho residential development.
Represented an affiliate of the Community Preservation Corporation in the development of the 11.5-acre waterfront complex in Williamsburg, Brooklyn, that was formerly home to Domino Sugar. We advised CPCR on the site's rezoning, which will result in one of the largest residential redevelopment projects in the city.
We laid the groundwork for the formal land use and environmental review process, collaborating with Mayor Bloomberg's office, community leaders, and city and state departments and agencies on the design and development. This work included obtaining approval from the New York City Landmarks Preservation Commission, special permits pursuant to a zoning resolution by the New York City Planning Commission, approvals from the New York State Department of Parks, Recreation, and Historic Preservation, the New York State Department of Environmental Conservation, and the U.S. Army Corps of Engineers.
Represented an affiliate of the Bauhouse Group on the acquisition of an assemblage of land, development rights and inclusionary certificates. The site is proposed for residential development, with Bauhouse having hired Norman Foster to design an approximately 292,000 square foot building that will have 95 residential condominiums.
Advised Deutsche Bank in land use and zoning matters in connection with a $220 million completion financing loan for a condomininium conversion project in the Theater District.
Advised Continental Ventures and their joint venture partner in connection with a $48.5 million financing for the acquisition of five Kips Bay buildings.
Represented Lightstone Group in obtaining New York City Board of Standards and Appeals approval for a proposed alteration of a landmark, Garment District office building into a hotel.
Represented William Friedland Properties in obtaining approval to tear down a two story retail building in a Upper East Side historic district.
Represented Madison Realty Capital in obtaining City Planning Commission approval for a proposed development in the NoHo Historic District.
Represented a client on the approval of a redevelopment project for a 600-unit rental building to be built in East Harlem; the project features a 80/20 affordable housing arrangement.
Represented G4 Capital Partners in an $11 million mortgage loan secured by properties in Manhattan and Queens, as well as zoning matters pertaining to tax lot subdivisions.
Representing the World-Wide Group in land use and zoning issues at a number of sites in Manhattan.
Represented Steiner NYC in connection with the zoning and land use analysis of various New York City development sites, including the site of a 52-story residential rental tower in Downtown Brooklyn.
Land use counsel to the Port Authority of New York and New Jersey in connection with the development of the new World Trade Center complex.
Representing the Alpert family in connection with the development of a large shopping center complex in Staten Island. Our work includes a significant Uniform Land Use Review Process application involving street mappings, special permits, government relations activities and an environmental impact statement.
Advised Toll Brothers City Living, the urban development division of Toll Brothers, Inc. (NYSE: TOL), in its joint venture with Starwood Capital Group to develop a 550,000-square-foot luxury hotel and residential complex at Brooklyn Bridge Park.
Represented PCCP Capital, a real estate private equity firm in the origination of a $65 million loan used for the acquisition and repositioning of Cassa Hotel, a 165-room luxury hotel property in New York City.
Represented an affiliate of Toll Brothers City Living in the acquisition of development rights from a site on First Avenue between East 52nd Street and East 53rd Street in Manhattan.
Represented Sherwood Equities in the $167.3 million sale of a Hudson Yards Development Site to the McCourt Group, headed by former Los Angeles Dodgers owner Frank McCourt.
Representation of major professional sports team with respect to zoning and land use.
Representation of Sherwood Equities with respect to land use and zoning review for various sites in West Chelsea and Hudson Yards.
Representing Toll Brothers in connection with the zoning analysis of various New York City properties and development sites.
Represented a Brooklyn real estate owner before the New York City Board of Standards and Appeals in connection with a successful effort to prevent adverse parties from obtaining building permits.
Represented Sherwood Equities in connection with the acquisition of development sites at 508 West 20th Street and 360 Tenth Avenue, near the High Line Park. We also assisted Sherwood with the acquisition and sale of a significant amount of development rights; and the financing and development of the sites.
Represented Samsung Corporation in connection with a mixed-use real estate development in the New York region. We worked closely with Samsung’s executive and due diligence team in negotiating the purchase and key documents, completing the due diligence and locating a local developer partner in the U.S.
Represented Youngwoo & Associates LLC in developing a unique residential condominium building in New York's West Chelsea neighborhood, which features full-floor units with a parking facility for a car at each level. We advised on the land acquisition, construction financing and zoning issues.
Representation of several property owners in assuring that New York City's extensive rezoning of Williamsburg/Greenspoint maximized the value of their real property.
Representation of a developer in its application to the New York City Board of Standards & Appeals for a variance to convert an industrial building to a 100-unit residential building.
Represented The Community Preservation Corporation in the acquisition, financing and development of the 11.5-acre waterfront complex in Williamsburg, Brooklyn, that was formerly home to Domino Sugar.
Represented a major real estate investment and service company in its acquisition and financing of a five-state, 14-property portfolio of residential rental and condominium apartment complexes. The portfolio was financed through 14 first mortgage loans and 12 mezzanine loans, culminating in a four-day closing.
Represented the owners of a former bank branch in their attempts to lease the interior landmark space to a major national drugstore chain. We worked with the chain and its architects in adjusting its national store design guidelines to meet with standards set by the New York City Landmarks Preservation Commission.