Bizzi & Partners Development

(Bizzi & Partners)

55 East 59th Street, 24th floor New York, NY 10022 USA

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Bizzi & Partners Development NYC portfolio

$621.1 million* – elevator 96%, development 1%; Manhattan 100%

291th largest portfolio by dollar value

480,654 sqft – elevator 94%, M1 5%;

661th largest by SF

5 properties – Manhattan 100%

1422th largest

439 residential units – Manhattan 100%

517th largest by residential units

Company Activity past 24 months:

Borrower company: 1 for $280 million

Top Ten Associated Companies:

Starwood Property Trust (1), V. James Grieco (1), Fortress Investment Group (1), Fort Tryon Jewish Center (1), Amalgamated Bank (1)

Top Ten Associated People:

Joseph Rothenberg (1), Eric Baum (1), V. James Grieco (1), Scott Desiderio (1), Joshua G. Fensterstock (1), Jessie Pressman (1), Arthur-Peter Montauredes (1)

Recent activity as company:

Fortress Investment Group, Bizzi & Partners and Bilgili Holding borrowed $280 million from Starwood Property Trust for 22 Thames Street, Financial District, Manhattan on April 11, 2025.

Bizzi & Partners Development sold 22 Thames Street, Financial District, Manhattan for $598.2 million to Fortress Investment Group on January 31, 2023.

Fort Tryon Jewish Center sold 524 Ft Washington Avenue, Washington Heights, Manhattan for $6 million to Bizzi & Partners Development on January 28, 2022.

Amalgamated Bank sold 35 Overlook Terrace, 524 Ft Washington Avenue, and N/A West 184th Street, Washington Heights, Manhattan for $6 million to Bizzi & Partners Development on January 28, 2022.

Bizzi & Partners Development sold 565 Broome Street, Soho, Manhattan for $16.2 million to V. James Grieco on August 03, 2021.

Bizzi & Partners Development sold 565 Broome Street, Soho, Manhattan for $12.5 million to company on June 10, 2021.

• Bizzi & Partners for Steven Dellasalla filed plans for new building for 260,508 sqft in Hudson Square, Manhattan, on May 19, 2015.

• Bizzi & Partners for Steven Dellasalla filed plans for new building for 358,388 sqft in Financial District, Manhattan, on June 05, 2012.

Latest Stories:

• PincusCo recap: Week ending February 17 (February 21, 2023)

• Madison Realty provides loan-on-loan to Northwind for its $313M Fortress financing in FiDi (February 17, 2023)

• Fortress signs $313M acquisition, construction loan with Northwind for FiDi condo (February 15, 2023)

• Fortress takes control of FiDi dev site from Bizzi & Partners, Cindat, valued at $598.2M (February 14, 2023)

• Bizzi, Sumaida + Khurana, file plans for 164-unit project in Washington Heights at former bankrupt dev site (October 24, 2022)

• Bizzi & Partners pays $6M to expand dev footprint in Washington Heights (February 21, 2022)

• Bizzi & Partners pays $6M to Amalgamated Bank for dev site in Washington Heights (February 11, 2022)

• Bizzi & Partners Development sells condo unit in Soho for $16.2M (August 23, 2021)

• Bizzi & Partners sells condo for $12.5M in Soho (July 15, 2021)

• Amalgamated Bank takes deed valued at $17M from former owner Rutherford “Ruddy” Thompson on troubled development site in Washington Heights (February 25, 2020)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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