All posts by Agazi

The New York Times

March 11, 2016

By Jane Margolies

The first design for the building was too industrial-looking. The second was too glassy. But the third was just right.

At least that’s how the design progressed for the seven-story condominium rising at the intersection of Seventh Avenue South and West 10th Street.

The site for the building, now known as 175 West 10th Street, is a small triangle that was created when Seventh Avenue was extended on a diagonal south from Greenwich Avenue in 1919, slicing through city blocks and leaving irregularly shaped lots on either side. Originally known as 130 Seventh Avenue South, the site is just over 2,900 square feet, with its longest side on the commercial thoroughfare.

Crain’s New York Business

March 11, 2016

By Daniel Geiger

Greystone Development is tackling its first project in Long Island City, Queens.

The real estate investment firm purchased a five-story office building at 24-16 Queens Plaza South for $23 million with plans to redevelop the property into a 100,000-square-foot residential rental tower. Greystone plans to preserve the existing building at the site and add 18 stories on top of the property, according to Jeffrey Simpson, who heads Greystone Development.

“We like the existing building,” Simpson said. “It maintains the character of Long Island City, and we think it’s nice to have a project that offers a link between the neighborhood’s heritage below and a modern structure above.”

Commercial Property Executive

January 22, 2016

By Alex Girda

New York City-based real estate company Greystone recently acquired a sizable stake in an emerging development venture in The Golden State. College Terrace Centre in Palo Alto is a prime mixed-use development project that offers close proximity toStanford University and the Caltrain commuter rail line.

Greystone is now part of a partnership with Clara E. Chilcote Trust. The deal was brokered by Chris Jafarieh and Nicole Jadelrab of Blaqk Diamond Group.

Multi-Housing News

January 21, 2016

In her new role, Preschel will spearhead marketing and sales for Greystone Development’s residential properties.

Greystone, a New York-based real estate development, lending and advisory company, announced that Jill Preschel has joined as vice president of Marketing for the Greystone Development team. Based in New York, Preschel reports to Jeffrey Simpson, head of Greystone Development, which has repositioned and developed over $1 billion in real estate and has a current portfolio of approximately $1 billion comprised of commercial and residential properties. In her new role, Preschel will spearhead marketing and sales for Greystone Development’s residential properties.

South Florida Business Journal

December 22, 2015

By Emon Reiser

New York-based Greystone & Co. and South Florida’s ALTA Developers have sold The Mile, a 120-unit luxury apartment project, for $48 million.

The 13-story development at 3622 S.W. 22nd St. in Miami was co-developed by the sellers. The buyer was Monogram Residential Trust Inc., a real estate investment trust based in Plano, Texas. The off-market deal was arranged by HFF.

The Real Deal

December 22, 2015

By Katherine Kallergis

A joint venture between Greystone Property Development and Alta Developers has sold a luxury apartment tower in Miami for $48 million or $400,000 per unit, county records show.

Monogram Residential Mile LLC, an affiliate of Monogram Residential Trust, bought the 13-story tower, at 3622 Southwest Coral Way near Coral Gables. The Plano, Texas-based real estate investment trust also bought a newly completed apartment complex in downtown Boca Raton for $82 million in September.