Crescent Heights (company)
| Private | |
| Founded | 1996 |
| Founder |
Sonny Kahn Russell W. Galbut Bruce Menin |
| Headquarters | 2200 Biscayne Boulevard, Miami Beach, Florida, United States |
| Website | crescentheights.com |
Crescent Heights Inc, is an American real estate development company based in Miami Beach, Florida.[1]
History
Crescent Heights was co-founded by billionaire Sonny Kahn, and cousins Russell W. Galbut and Bruce Menin in 1996.[2][3] Crescent Heights is proposing to construct a 101-storey primarily residential skyscraper at 701 Fourth Avenue in Seattle.[3]
In Miami Beach, they built "the Alexander, the Decoplage, Carriage Club, and the Casablanca".[2] They also built "35,000 residential units" across the United States.[2]
In 2013, they acquired a building at 165 East 66th Street in Lenox Hill on the Upper East Side for US$230 million to remodel it into condominiums; they were sued over allegations of tenant evictions.[4]
In 2015, they sold the historic Hotel Paris on the Upper West Side of Manhattan for US$150 million.[5]
In January 2016, Crescent Heights agreed to purchase a 55-storey apartment 600-apartment North Harbor Tower in Chicago, for an estimated $200 million.[6]
References
- ↑ "Crescent Heights". Emporis. Retrieved February 27, 2016.
- 1 2 3 Warech, Jon (May 1, 2015). "The Secrets to the Galbut Family's Success". Ocean Drive Magazine. Retrieved February 20, 2016.
- 1 2 "Company Overview of Crescent Heights, Inc.". Bloomberg Business. Retrieved February 27, 2016.
- ↑ "Husband of NYC consumer affairs commissioner tried to force out tenants at UES building: AG". The Real Deal. Retrieved February 27, 2016.
- ↑ Weiss, Lois (September 15, 2015). "The Paris apartment building sells for $150 million". The New York Post. Retrieved February 23, 2016.
- ↑ "Miami-based firm accumulating Chicago apartments". The Real Deal. January 31, 2016. Retrieved February 27, 2016.