24C — March 30 - April 12, 2018 — The Best of 2017 — M id A tlantic
Real Estate Journal
www.marejournal.com
The Best Out of State Project of 2017 Gacek Design Group The Castle 212 White Pine Canyon, Park City, UT Progress Capital 220 Fifth Avenue Manhattan, NY Leasehold Transfer
Name of Project: Transfer of Leashold Interest in 220 Fifth Avenue Manhattan, NY Size: 160,000 SF and 20 Stories Kathy Anderson , Managing Partner of Progress Capital , negotiated the transfer of the leasehold interest in 220 Fifth Avenue from a subsidiary of Dino & Sons Realty Corp. to a joint venture between Stellar Management and Imperiu Capital . Formerly known as the Croisic Building, 220 Fifth Avenue is a mixed-use office/ retail building constructed in 1912. It is renowned for its Neo-Gothic architect ral style which is visible for blocks because of its two-story copper mansard roof. 220 Fifth Avenue is an iconic NoMad building that has been in the Tomassetti family for over 30 years. “It was important to find the perfect strategic partner to continue the family’s vision and I’m honored to have been trusted by both the Tomassetti’s and Stellar/Imperium to help accomplish the close of this deal,” said Kathy Anderson.
By Order of the City of Atlantic City December 12 th
Type of Project: Renovation for lease to super affluent/celebrity clientele. Size: 15,325 SF home on 5.8 acres The Castle is a one of a kind, exclusive enclave. Reminiscent of Medieval European castles, the architecture is classically Gothic with pointed arches, diamond leaded glass, and quatrefoil detail. The objective is to highlight architectural details and modernize the interior to a clean-lined aesthetic with finely appointed finishes. In- spired by elements in nature, cowhides, natural wovens, paneled bird frescoes, moun- tain mahogany, and aspen integrated The Castle with its surroundings. Elements like alabaster, textiles of wool, velvet, and linen were included to represent the medieval period. As a result, the design tells a story – a journey to a medieval modern ski re- treat to experience Utah’s famous powder.
19 Residential & Commercial Buildings 95 Land Parcels Including an Entire City Block!
The Best Auctioneer of 2017 Max Spann Real Estate & Auction Co. Atlantic City Scattered Size Auctions New Jersey
Contiguous Multi Family
Entire City Block with Dense Zoning
Residential packages
Mixed use
Type of Property: Land and Buildings Address: Atlantic City, NJ
Now Is The Time to Invest in AC
163 City owned properties were auctioned as part of their efforts to raise revenue and spur redevelopment. As a series of two auctions, over 300 bidders participated. The auctions were each held at the Atlantic City Convention Hall. Its resounding success signaled a turning point for the City’s Real Estate Market and indicates a renewed optimism. The auction attracted bidders from all over the East Coast.
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