Arthur Becker Pouring Money Into Tribeca Development
New buildings are nothing new around Manhattan. Construction is a constant ongoing occurrence around the borough, but specifically in Tribeca new development is constantly surging. One of the lead investors and real estate developers has been Arthur Becker. He has recently filed a new eight unit project with the AG’s office. It is going up at 465 Washington Street worth an approximate 52.5 million dollars. Units will be selling from 5 million dollars to upwards of 14 million dollars. Becker has also purchased adjacent properties for millions to increase construction size of his projects. Becker is not new the real estate market in NY, one of his most high profile investments is Billionaires’ Row condo super-tower at 111 West 57th Street with sales ongoing.
Arthur Becker is a growing presence in New York real estate investing over a half billion dollars in developments around New York. Arthur Becker is also known as a tech investor and the CEO of Zinio, an digital platform company for magazines to get more of a virtual and online distribution service. It has a wide array of publishers and magazine on its platform. Previously Becker specialized in data and cloud application solutions to businesses through his previous company NaviSite. One of their biggest clients was fashion company Vera Wang. He was also a senior advisor to Vera Wang for over seven years. NaviSite was sold to Time Warner in 2011. Read more: http://perezhilton.com/tag/arthur_becker/
Being part of the Madison Partners, despite being a CEO for prominent tech companies most of his capital is in real estate. He has been a financial backer for many prominent projects throughout Manhattan. He primarily invests in top of the market acquisitions and constructions. Most of his projects would be classified as luxury condos and boutiques. Becker includes micro neighborhood locations like Tribeca into his real estate investment strategy. “I like this section of Tribeca. It’s a size I can manage”, said Becker.