Ever since the credit crisis hit and the real estate market collapsed, the news has been filled with disgraced developers--including in these very pages. Yet for every plucked chicken, there seems to be an equal number of phoenixes who, year after year, decade after decade, return from the construction graveyard to build again. (The Observer, Read More
Residents of the Newswalk Condominium have a few surprises planned for New York developer Shaya Boymelgreen.
Mr. Boymelgreen is operating in New York again, and “Shame on Shaya,” a group of Brooklyn residents taking legal action against him, is upping its local campaign in opposition.
Talking to a reporter for the first time Read More
The breakneck rise and fall of New York developer Shaya Boymelgreen unfolds like a Gilded Age novel of social ascendance: young man immigrates to ethnic neighborhood in big city; accidentally takes part in Crown Heights riot of historic importance; strikes up fortuitous friendship with Uzbek diamond billionaire who agrees to bankroll his projects; gambles Read More
Sure, maybe some of Shaya Boymelgreen's myriad development projects had a few construction oversights--like piping that sent sewage flowing into the streets, or leaks that eroded concrete beams--but, come on, that was all in the outer boroughs, as Mr. Boymelgreen tried to explain to his architect, Howard L. Zimmerman.
When Mr. Zimmerman met with Read More
A press release comes from Israel with lots of juicy details, and it's Lev Read More
Boymelgreen, who has been called a "mega developer," Read More
Shaya Boymelgreen tells The Brooklyn Paper how sometimes even real estate developers don't like their buildings: Sometimes, I see something in my head that I think will be beautiful. But at the end of the day, it doesn't come out like I want, because of the zoning, because of the architect, because of the Read More
Forest City Ratner says that the judge's decision invalidating its control of two properties in the Atlantic Yards footprint will be appealed. An e-mailed statement on Wednesday afternoon reads: "We cannot comment in detail on the decision today because the suit did not directly involve Forest City Ratner Companies (FCRC), said Jeffrey Braun, an Read More
Although the Plaza’s new ceiling is certainly newsworthy, what's more exciting is that the state attorney general’s office just approved the conversion plan, which had been expected about two months ago. The Speaking of downtown luxury condos, Bruce Willis is heading for a penthouse at Cipriani’s 55 Wall Street for $10 million, according to Read More
