Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Dolphins’ Stephen Ross Turning Tribeca Eatery into Luxury Condominiums

Ponte’s Eatery

Owner of the Miami Dolphins and renowned real estate mogul Stephen Ross’s Related Companies is set to develop a luxury condominium building on the site of the long closed famed Tribeca restaurant Ponte’s Eatery. This according to a report first made in The Real Deal.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

The new building is to be constructed over six adjacent lots that include the site of the old restaurant which is to be torn down. It will have 46 luxury condominiums totaling 152, 000 square feet and its official address will be 268 West Street.

Related Companies acquired the property together with five neighboring lots from Ponte Equities for $115.3 million in March, along with 171, 769 square feet of development rights.

The buildings currently located at 33 and 35 Desbrosses Street and 264, 268 and 270 West Street will be taken down for the project.

Related plans to start selling units in the building, which will be completed in 2017.

Ponte’s Eatery closed a year ago. The Pontes are new to the real estate biz. They just recently began to sell and develop their portfolio of more than 30 assets they’ve owned in Tribeca since the 1960s.

Ponte Equities is partnering with Related in another development nearby, a 10 story residential building at 460 Washington Street.

Founded in 1972, Related Companies is the largest owner of luxury residential rental properties in New York, with more than 5, 000 units. It also has offices in Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, Abu Dhabi, São Paulo and Shanghai.

Related has developed more than $22 billion in real estate and owns real estate assets valued at over $15 billion.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Copyright © 2021 Jewish Business News