Soho

Owner and Developer

93-99 Greene Street

104woosterThese three landmark buildings in Soho’s cast iron historic district were combined into a single center core structure to create new residential condominium units and multi-level retail space. Millions of investment tax credit dollars were made available to investors by the Department of the Interior for conformance to their standards for historic rehabilitation.

102-106 Wooster Street and 108-118 Wooster Street

SohoIn 2002, the building’s facade and interiors were restored and converted into luxury residential condominiums above retail stores setting record prices for the Soho luxury market. Four floors of commercial space improvements were funded through bonds issued by New York State’s Industrial Development Authority, which also exempted the project from realty, state and city taxation. High end retailers at the ground level are Tiffany & Co. and Icebreaker.

The three contiguous landmark cast-iron structures at 108-118 Wooster Street were restored into cooperatives, condominiums and high-end retailers. Together with its adjoining Greene and Wooster Street neighbors, they form the largest redevelopment in Soho.

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Central Park South

22 Central Park South

Owner and Developer

22CPSThis federally landmarked building adjoining the Plaza Hotel and across from Central Park and the General Motors Building was gutted, restored and enhanced with two additional floors during its conversion from commercial to residential rental space. The project qualified for exemption and abatement from municipal taxes, and received accelerated depreciation benefits and investment tax credits from the federal government.

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Downtown Manhattan

Hudson Tower and Hudson Tower Townhouses

Co-Developer and Partner

hudsontownhousesThe Hudson Tower was the fastest condominium sellout in Manhattan’s history. The 16-story, 126 unit residential condominium, a cornerstone of new development atop Battery Park City landfill, was the first leasehold condominium in New York. The building, alongside the Hudson River, overlooks the Statue of Liberty.

The six five-story Hudson Tower Townhouses interconnect with Hudson Tower at Battery Park. The project brought back the concept of private “maisonette” homes in Manhattan while offering the support services of a large luxury tower.

130 Delancey Street

Owner and Developer

5AaQMdksAu_o0x7X18-IAblV64mEI3nGTygZMekLdWEIn December, 2012 120 days before Essex Crossing was unveiled, Carter Management Corp. acquired the newest and most visible retail structure along Delancey Street.

This 3 story building houses Children’s Place, Payless Shoes and a 2 story children’s school. The leases go through 2021 by which time $1.5 billion dollars of investment in new developments is committed along the same block and across Delancey Street. See photo of our existing 126-130 Delancey (“Delancey Norfolk”)property.

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Renovation – Central Park South

106 Central Park South

Owner and Developer

Photos of renovation in progressA gut rehabilitation of an historic ballroom into a graceful entertainment suite overlooking Central Park South.” The nine foot ceilings were demolished and opened up to reveal the original eighteen foot heights throughout the apartment. Inspiration from Gaude’s architecture transformed and uplifted the heavy steel columns into a seeming pair of dancing ballerinas.

Most of the structures presented in our folio were restored, rehabilitated or newly constructed by Finite Construction Company, Inc., a wholly owned affiliate of Carter Management Corp. The Finite Construction staff is responsible for building and/or supervising nearly a billion dollars of rehabilitation and new construction. Competitive general contractors are often hired provided they execute a Guaranteed Maximum Price Contract secured by a Payment and Performance Bond.
Photos of renovation in progress
Owning and performing duties as a general contractor enables us us to save time and money over the life of the project while ensuring that expectations of quality are not only met, but exceeded.

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Times Square

The Ritz Plaza

Owner and Developer

ritzplazaThe Ritz Plaza is a mixed-use 45-story rental apartment and office building. The 500,000 square feet development contains 480 residential units, a health club with swimming pool, two garages, hotel services and six floors of commercial and retail space adjoining Rockefeller Center amidst Manhattan’s thriving new West Side.

The Crowne Plaza

Co-Developer

crowneplazaThis 45 story high rise encompassing 850,000 square feet of space spans the westerly blockfront in New York’s Times Square district. It includes 770 hotel rooms, 250,000 square feet of office space, a health club, ballrooms, several restaurants, retail stores and parking. The hotel opened in 1991 and is operated and managed by the Crowne Plaza division of Holiday Inns.

The Walter Kerr Theater

Developer

walterkerrPurchased at auction, the Walter Kerr Theater was the first defunct theater in Manhattan to undergo gut rehabilitation and restoration to legitimate theater use. The theater’s facade, interior plaster details, frescoes, filigree and ornate boxes were returned to their original grandeur. The stage was reconstructed and the newest technology applied to upgrade support facilities such as ticket services, lounge areas, dressing rooms, sound, mechanical and lighting systems.

Restored ceiling fresco at Walter Kerr Theater

Restored ceiling fresco at Walter Kerr Theater

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