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Chef José Andrés and his team were debating the dining room’s gold facade. Was it too shiny? Would the travertine limestone be preserved? It was June 2015, a year before the chef was to open his fine-dining restaurant in the new Trump International Hotel. Plans were being finalized. Tentatively called Topo Atrio, the restaurant would
Share via Shortlink Centrale at 138 East 50th Street and Ceruzzi president Arthur Hooper (The Centrale NYC, Hooper via Sasha Maslov/Illustration by Kevin Rebong for The Real Deal) When South Korea’s Meritz Securities put together a $350 million inventory loan for a Ceruzzi Properties condo tower last February, it seemed the company’s appetite for risk was growing. The pandemic, which hit New York City a few weeks later, has certainly put risk appetites to the test. For the loan on the Centrale, in Midtown East, caution might have been warranted: A lawsuit alleges the $110 million ...
A troubled Midtown development project is finally gaining some momentum. Rabina Properties plans to build a 452,134-square-foot, mixed-use building at 520 Fifth Avenue in Midtown, according to records filed with the city’s Department of Buildings this week. Plans for the 70-story building at the corner of East 43rd Street include 98 residential units across 16 floors, along with 15 stories dedicated to office space and several floors of amenities, including a solarium and private dining. KPF is listed as the architect of record. Notably absent from the filing is a hotel and retail space, wh...