Silverback Development plans 65-unit Gramercy condo

Silverback Development is planning to build a 13-story condominium building on Second Avenue in Gramercy Park. The proposed building at the corner of East 21st Street and Second Avenue would reach 145 feet and contain around 65 apartments, Crain’s reported. The project is expected to cost $100 million, with construction is due to begin next […]

“We’re going to see some real distress”: Witkoff

Steve Witkoff is warning of tough times ahead in the new development market Steve Witkoff isn’t known for pulling punches. And he wasn’t about to start today. “I believe that we’re going to see some real distress,” the developer said Tuesday, sounding alarm bells over the state of New York’s new development market. Speaking about the new […]