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With Florida s Luxury Market Sizzling, Here Are the State s 10 Most Expensive Homes
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Extell Development Sells Discounted Stake in Manhattan Rentals
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Family: Married, six kids
What were your biggest takeaways from putting together One57 and Central Park Tower? Every site that I worked on some of the more famous ones and some of the less there’s the same rule: Most assemblage work is off-market deals, and to be successful in closing off-market deals, the seller has to understand that you’re not trying to pull a fast one, that you’re trying to work a deal that is mutually beneficial.
If there’s a mistake I made somewhere, it’s that I overestimated my hand. And in those instances, I probably didn’t end up making the deal.
465 Washington Street, Arthur Becker, and Valerie Dillon (Photos via Getty Images and 465 Washington Street)
In 2012, gallery owner Valerie Dillon received an offer for her stake in a Tribeca apartment building she couldn’t pass up.
Developer Arthur Becker needed Dillon’s stake in the building in order to convert it into a boutique condo project.
In exchange, Dillon didn’t just want money; she wanted the right to buy back her apartment in the converted building for $50,000.
But now, seven years after Dillon moved out of her apartment, Becker a tech mogul-turned-developer, and the former husband of designer Vera Wang still hasn’t finished the condo project at 465 Washington Street.
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