• Meigan P. Serle counsels and represents leading developers, lenders and investors in a range of real estate matters, focusing on condominium, cooperative and shared ownership developments. Meigan provides practical, strategic counsel in the development and negotiation of critical equity transactions, helping developers and owners achieve their business and financial goals within the four corners of the condominium structure. She advises on the legal, regulatory and business aspects of the creation, registration, marketing and sale of mixed-use condominium and cooperative public and nonpublic offerings, including the utilization of leasehold condominium structures to enable not-for-profit tenant entities to qualify for exemption from New York City real property taxes. Meigan helps her clients conceptualize, develop and implement sophisticated and often bespoke ownership, operation and management regimes designed to meet the specific and unique needs and financial goals of multiphase development projects, and she also continues to advise them on legal issues that arise throughout the life of the project.

    Meigan serves as a key member of the team advising on the development of Hudson Yards, the largest private development in U.S. history and a joint venture by The Related Companies and Oxford Properties. The project will encompass more than 18 million square feet of commercial and residential space, more than 100 shops, several restaurants, public open space, a center for artistic invention, a landmark sculpture, a hotel and approximately 4,000 residences, much of it built over a working rail yard on the West Side of Manhattan. Her involvement to date includes assisting with the creation of a project-wide ownership association and management regime to govern and facilitate the interconnectivity of all the individual development parcels on the site and the implementation of distinct condominium structures for many of the project’s individual buildings. Meigan handled the condominium components of certain equity transactions of WarnerMedia, KKR, Wells Fargo and AROSA to relocate their respective corporate headquarters to Hudson Yards, and worked with a team of lawyers on the lease to a leading technology company of 265,000 square feet of office space across multiple separately owned condominium units. She also advised on the creation of a campus-wide communications system and auxiliary system. Meigan advises on the structuring, refinancing, leasing and sale-leaseback of individual units, and she works with the managing agent on early actions of the condominium boards, including drafting board resolutions, preparing unit owner consents and overseeing board meetings.

    Meigan has also facilitated the registration, marketing and sale of more than $1 billion of offerings at many of the marquee luxury condominium and cooperative developments in New York City, including, among many others, Hudson Yards, as well as 111 West 56th Street, 70 Vestry, Zaha Hadid’s 520 West 28th, 400 Park Avenue South, 866 United Nations Plaza, The Centrale, The Hayworth, Lantern House and Waterline Square.

    Experience

    • Representing the developer of a 73-acre lifestyle destination anchored by a stadium with approximately 25,000 seats, concessions, entertainment and retail areas. The project will include multiple integrated, but individually developed, parcels totaling more than one million square feet of boutique shopping, entertainment experiences, sponsored events, restaurants, hotels and office space as well as public parks and sports fields.

    • Advises and represents various condominium aspects of the development of Hudson Yards by The Related Companies and Oxford Properties, which will encompass more than 18 million square feet of commercial and residential space, much of it built over a working rail yard on the West Side of Manhattan. This representation has included the restructuring of the Neiman Marcus space at The Shops and Restaurants at Hudson Yards and the sale of a converted office unit to Wells Fargo, advising with respect to the condominium components of their more than 1.5 million-square-foot lease to Facebook across 30 floors and three buildings at Hudson Yards and with respect to the $565 million sale of the observation deck.

    • Represents Mount Sinai, New York University and NYU Langone hospitals,as well as other not-for-profit entities and fee owners, in connection with the creation of tax-exempt fee and leasehold condominium units.

    • Represents GID Development in its public offering and structuring of the Waterline Square development, containing multiple condominiums, for-sale and rental residential units, and shared amenities.

    • Represented Solow Realty in connection with the structuring and creation of a property owners’ association to govern the shared and open spaces of four development sites, each with distinct ownership.

    • Represented The Related Companies and Apollo with respect to the condominium components of their lease of office space across multiple units in Columbus Circle Condominium (d/b/a Deutsche Bank Center, formerly the Time Warner Center) in Manhattan.

    • Represented Brookfield Properties in connection with its ownership and development of a 6.2-acre mixed-used project in Nashville, TN.

    • Represented Mitsui Fudosan America Inc. in connection with the condominium components of a joint venture with an affiliate of Optima Inc. for the acquisition and development of an eight-story residential rental building in Scottsdale, AZ, and the closing on a $102 million construction loan to a subsidiary. The condominium development will provide approximately 210 luxury residential units comprising approximately 288,203 rentable square feet of residential space, together with approximately 421 parking spaces.

    • Represented a joint venture as condominium counsel in connection with a five-year, $1.45 billion CMBS loan to refinance the office portion of a 2.1 million-square-foot mixed-use project in Manhattan. 

    • Represented Brookfield Properties in connection with its conversion and redevelopment of shopping malls into residential and office spaces across the nation.

    • Represented major institutional lenders in connection with construction and acquisition loans to condominium developers.

    • Represents The People’s Theatre Project in connection with its purchase and development of a community theater at 407 W. 206th St. centering around and exploring the breadth of immigrant experiences represented in New York City. The project will also include affordable housing, free high-speed internet for tenants — helping close the digital divide for lower-income New Yorkers — and a grocery store.

    • Represented the Universal Hip Hop Museum (UHHM) in connection with its lease of a to-be-created condominium unit at Bronx Point Phase I Condominium. The transaction involved multiple parties, including L+M Development Partners, the City of New York, the NYC Economic Development Corp., the NYC Housing Development Corp., Housing Preservation & Development and Wells Fargo. When completed, the Bronx Point development project, which will feature UHHM as the anchor tenant, will also include more than 500 residential apartments, retail space and other community facility space.

    • Represented Ceruzzi Properties in its development of an Upper East Side project in Manhattan to conceptualize and structure a unique condominium regime that facilitated separate ownership by each participant of its portion of the project and development of the air space.

    • Represented the developer in conceptualizing and forming “simple” condominium structures for 205 E. 92nd St. and 500 W. 30th St.

    • Represented Alexico Group in the sale of a retail condominium unit at 56 Leonard St.

    • Other representations:

      • Lantern House (515 W. 18th St.), 70 Vestry St. and “Zaha Hadid” 520 W. 28th St. (Related).
      • 866 United Nations Plaza (The Carlyle Group).
      • ONE11 Residences at 111 W. 56th St. (GFI Capital).
      • 400 Park Ave. S. (Toll Brothers).
      • The Centrale and The Hayworth (Ceruzzi Properties).
      • 550 Madison Ave. (The Chetrit Group and Clipper Equity).
      • The Whitney Museum townhouses at 33 E. 74th St. (Greenfield).
      • The Chatsworth, 88 Lexington Ave., 90 Lexington Ave., The Astor and The Metro (HFZ Capital).

    Credentials

    Education

    • J.D., Cornell Law School, 2011
      • Senior Notes Editor, Cornell International Law Journal
    • B.A., summa cum laude, Phi Beta Kappa, Syracuse University, 2008

    Bar Admissions

    • New York, 2012

    Court Admissions

    • U.S.D.C., Eastern District of New York
    • U.S.D.C., Southern District of New York

    Professional Affiliations

    • New York State Bar Association, Real Property Law Section, Committee on Condominiums and Cooperatives
    • UJA-Federation of New York, Young Lawyers Leadership Committee
  • *No aspect of this advertisement has been approved by the Supreme Court of New Jersey. A description of the Super Lawyers selection methodology can be found here.