 | |
| Company type | Private |
|---|---|
| Industry | Real estate |
| Founded | 2005 |
| Founder | Ziel Feldman |
| Headquarters | New York City , U.S. |
Key people | Ziel Feldman (chairman) |
| Website | hfzcap |
HFZ Capital Group is a real estate development and investment company based in New York City. Ziel Feldman founded HFZ in 2005 and is chairman. [1] [2] [3] [4] As of 2019, HFZ managed more than $10 billion worth of development. [5]
Prior to launching HFZ in 2005, Feldman was principal at the national development firm Property Markets Group (PMG), which he co-founded with Kevin Maloney in 1991. At PMG, Feldman also worked with Gary Barnett of Extell Development Company. [6]
In 2013, HFZ and partner Fortress Investment Group purchased four Manhattan rental buildings, including The Astor, from Westbrook Partners for more than $610 million. HFZ then converted the properties into for-sale condominiums. [7] [8]
In March 2015, HFZ acquired The Belnord on the Upper West Side of Manhattan from Extell for about $575 million. [9] HFZ hired architect Robert A. M. Stern for the renovation and conversion of the pre-war building into a condominium. [10]
In May 2015, HFZ acquired a full-block site in Chelsea, Manhattan between 17th and 18th Street, and 10th and 11th Avenue for $870 million from Edison Properties. HFZ began the development of the property into a two-tower mixed-use development called The XI. [11] [12] Designed by architect Bjarke Ingels, The XI planned for 236 condos and Six Senses' first hotel in the U.S. [13]
In 2021, The XI went into foreclosure before completion, and opened with different owners. In 2021, the company also lost four condos in Manhattan. The firm subsequently collapsed amid "an avalanche of investor lawsuits and foreclosures." In February, 2024, a former executive was arrested for criminal activities. [14]
A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk.
The Conrad Fort Lauderdale is a luxury condominium-hotel resort located on ocean-front property on North Fort Lauderdale Beach Boulevard in Fort Lauderdale, Florida. The resort includes 181 condo-hotel units, as well as 109 condominium units in a separate building known as The Ocean Resort Residences. The project initially began construction in July 2005, as Trump International Hotel & Tower Fort Lauderdale. Donald Trump lent his name to the project through a licensing deal before being elected the President of the United States, with New York developer Roy Stillman and Bayrock Group as the project developers. The project's opening was initially scheduled for 2007, but was delayed several times.
One57, formerly known as Carnegie 57, is a 75-story, 1,005 ft (306 m) supertall skyscraper at 157 West 57th Street between Sixth and Seventh Avenues in the Midtown neighborhood of Manhattan in New York City. The building has 92 condominium units above a 210-room Park Hyatt Hotel that serves as the flagship Hyatt property. The tower was developed by Extell Development Company and designed by Christian de Portzamparc. It was the first ultra-luxury condominium tower along a stretch of 57th Street called Billionaires' Row.
The Belnord is a condominium building at 225 West 86th Street on the Upper West Side of Manhattan in New York City. The 13-story structure was designed by Hiss and Weekes in the Italian Renaissance Revival style and occupies the full block between Broadway, Amsterdam Avenue, and 86th and 87th Streets. It was built between 1908 and 1909 by a syndicate of investors as a rental apartment building. The Belnord is a New York City designated landmark and is listed on the National Register of Historic Places.
Sharif El-Gamal is an American real estate developer. He is the chairman and chief executive officer of Soho Properties, a Manhattan-based real estate company. El-Gamal came to international attention in 2010 for his role in the development of Park51, a planned Islamic community center and prayer space to be located about two blocks away from the World Trade Center site.
Extell Development Company is an American real estate developer of residential, commercial, retail, hospitality, and mixed-use properties. Founded in 1989 by Gary Barnett, the company’s portfolio exceeds 20 million square feet. The company has between 125 and 150 employees. Prior to 2005, it was known as Intell Management and Investment.
111 West 57th Street, also known as Steinway Tower, is a supertall residential skyscraper in the Midtown Manhattan neighborhood of New York City. Developed by JDS Development Group and Property Markets Group, it is situated along Billionaires' Row on the north side of 57th Street near Sixth Avenue. The main portion of the building is an 84-story, 1,428-foot (435-meter) tower designed by SHoP Architects and completed in 2021. Preserved at the base is the 16-story Steinway Building, a former Steinway & Sons store designed by Warren and Wetmore and completed in 1925, which originally carried the address 111 West 57th Street.
Central Park Tower is a residential supertall skyscraper at 225 West 57th Street, along Billionaires' Row, in the Midtown Manhattan neighborhood of New York City, New York, U.S. Designed by Adrian Smith + Gordon Gill Architecture, the building rises 1,550 feet (472.4 m) with 98 above-ground stories and three basement stories, although the top story is numbered 136. Central Park Tower is the second-tallest building in New York City, the United States, and the Western Hemisphere; the 15th tallest building in the world; the tallest primarily residential building in the world; and the tallest building outside Asia by roof height.
The Astor is a building at 235 West 75th Street, on Broadway between 75th and 76th Streets, on the Upper West Side of Manhattan in New York City. William Waldorf Astor hired architects Clinton and Russell to design the two southern towers of The Astor in 1901. In 1914, William Waldorf Astor hired Peabody, Wilson & Brown to design a third tower for The Astor. The third tower, completed within a year, is structurally and aesthetically similar to both original towers. All three wings are connected at the base and have gray brick facades above a limestone base. The buildings are also distinguished by limestone quoins.
220 Central Park South is a residential skyscraper in Midtown Manhattan in New York City, situated along Billionaires' Row on the south side of Central Park South between Broadway and Seventh Avenue. 220 Central Park South was designed by Robert A.M. Stern Architects and SLCE Architects, with interiors designed by Thierry Despont. It is composed of two sections: a 70-story, 950-foot (290 m) tower on 58th Street, which is the 21st-tallest building in New York City, as well as an 18-story section on Central Park South, both of which contain a limestone facade. Most of the 118 apartments are duplex apartments, although some of the units have been combined to create larger units. The building has a porte-cochère, a wine cellar, private dining rooms, and various recreational facilities.
Hill West Architects is a New York City based architecture firm which works on the planning and design of high-rise residential and hospitality buildings, retail structures and multi-use complexes. They have participated in the design of prominent structures in the New York City metropolitan area. The firm was founded in 2009 by Alan Goldstein, L. Stephen Hill and David West.
Kevin P. Maloney is an American real estate developer and founder of Property Markets Group.
10 Sullivan is a triangular sixteen-story residential building in the SoHo neighborhood of Manhattan, New York City. The building occupies a site between Sixth Avenue and Sullivan Street adjacent to the Holland Tunnel entrance. It was developed between 2014 and 2016 by Property Market Group and Madison Equities, and was designed by Tamarkin Co.
Michael Stern is an American real estate developer.
45 Broad Street is a 68-story, 1,039-foot (317-meter) supertall residential skyscraper being constructed in the Financial District of Manhattan, New York City. The building will become Lower Manhattan's tallest residential tower. Excavation started in 2017, but as of 2020, construction is on hold.
One High Line is a pair of buildings in New York City designed by architectural firm BIG. The complex will include 247 condominiums, a 137-room Six Senses hotel, 90,000 square feet (8,400 m2) of retail space, art space, a spa and club.
138 East 50th Street, officially named The Centrale, is a residential building in Midtown Manhattan, New York City. The building consists of 124 condominium residences and 7,500 square feet (700 m2) of ground-floor retail between Third Avenue and Lexington Avenue in Midtown East. The developers planned to sell the condominiums for a total of $535.7 million, or an average of $4.3 million per unit.
161 Maiden Lane is an incomplete 670 ft (205 m) tall residential skyscraper on Maiden Lane in the Financial District of Manhattan, New York City, United States. Designed by Hill West Architects, the building overlooks the East River and topped out in September 2018. The building leans 3 inches (76 mm) to the north as a result of the method used to construct its foundation: instead of using the piling method like other neighboring skyscrapers, soil improvement methods were used where chemicals or other material are added to the soil to strengthen it. As of 2023, only half of the finishes, including windows, have been installed.
SHVO is a real estate investment and development company based in New York City with offices in Miami, San Francisco, Los Angeles, and Chicago. It purchases and develops high end properties in the United States and internationally. SHVO was founded by Michael Shvo who serves as the company Chairman and CEO.
Sutton 58 is a residential skyscraper in the Sutton Place neighborhood of Midtown East, Manhattan in New York City.