In the area of public offerings, we are known for crafting offering plans with attention paid to the particular features and characteristics of each project, and our experience in both straightforward offerings and particularly complicated projects is unmatched. We have represented developers on many of the supertall and luxury condominium projects dotting the city’s skyline, and nearly all the hotel conversions in Manhattan. We handle the registration of in-state and out-of-state projects as well as registration exemptions, and we advise on marketing, negotiate unit sales and conduct highly effective customer-oriented closing programs. The team also represents clients in the redevelopment and conversion of tenanted buildings as condos, and is experienced in structuring projects that include both market-rate rental and affordable housing components.
Our work covers the entire range of developments requiring bespoke and sophisticated condominium solutions, enabling individual property owners to own, operate, finance and manage their properties in accordance with their specific needs or to facilitate separate ownership of differing components of large-scale development projects. This includes unique structures for purely commercial properties, such as those utilizing leasehold condominiums to enable not-for-profit tenant entities to qualify for exemption from New York City real property taxes.
Our experience includes multifaceted, unique developments such as the mixed-use Hudson Yards project; commercial properties such as Moynihan Train Hall and the landmark Palace Theatre; the development of both 432 Park Ave. and Central Park Tower, the tallest residential properties in the city; and iconic hotel conversions that include The Plaza, The St. Regis and The Mark. We have also assisted clients with timeshare and fractional ownership projects.
Leveraging our integration within a full-service law firm and highly skilled commercial Real Estate practice, our team works collaboratively with colleagues in our Land Use and Zoning, Environmental, Tax, and other practice groups to devise integrated solutions to the many challenges our clients face.
