NEW YORK CITY—The notoriously quiet developer reportedly hasagreed to pick up the property from Fisher Bros. and StevenWitkoff.

|

NEW YORK CITY—Developer and condominium marketer Michael Shvo isin contract to buy 22 Thames St.—also known as 125 GreenwichSt.—for about $180 million, according to the New YorkPost.

|

Shvo reportedly is set to grab the asset from Fisher Bros. andSteven Witkoff, who paid approximately $87.5 million in September2012. The transaction is being handled by Andrew Scandalios, seniormanaging director, HFF. A spokeswoman for the firm did return callsfrom GlobeSt.com requesting confirmation of this news. Watch thisspace for a possible update.

|

For more on this deal, click here.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.