GDS Development
People:
GDS Development NYC portfolio
$304.2 million -V1 61%, condo 37%; Manhattan 99%*
701th largest portfolio by dollar value
508,955 sqft – condo 47%, office 35%, V1 17%; Manhattan 100%
819th largest by SF
4 properties – Manhattan 100%
2177th largest
Top Ten Associated Companies:
Deutsche Pfandbriefbank (1), Nordic Trustee & Agency (1), Tara Maguire (1), Calmwater Capital (1)
Top Ten Associated People:
Adam Kastengren Sandberg (1), Craig E. Vosburg (1), Tara Maguire (1)
Recent activity as company:
• Mitsubishi Corporation and Aareal Capital sold 146 West 57th Street, Midtown West, Manhattan for $82.6 million to GDS Development and Sabal Investment Holdings on March 19, 2024.
• Mitsubishi Corporation borrowed $80 million from GDS Development for 146 West 57th Street, Midtown West, Manhattan on March 07, 2024.
• GDS Development borrowed $90 million from Deutsche Pfandbriefbank for 1251 Broadway on March 10, 2023.
• Corem Property Group and GDS Development borrowed $140 million from Nordic Trustee & Agency for 108 East 55 Street on March 07, 2022.
• GDS Development borrowed $6.7 million from Calmwater Capital for 255 10th Avenue, Chelsea, Manhattan on December 13, 2021.
• GDS Development sold 500 West 25th, Chelsea, Manhattan for $12.2 million to Tara Maguire on October 05, 2021.
Latest Stories:
• GDSNY signs $90M construction loan for office building in NoMad (March 22, 2023)
• GDSNY, Corem up debt to $140M for dev site in Midtown East (March 17, 2022)
• GDSNY sells PH condo at Emerson in Chelsea for $12.2M (October 19, 2021)
• GDSNY, Klövern, pay $30.7M for mixed-use building to add to Plaza District dev site (May 12, 2021)
• GDSNY files to demolish newly acquired co-op at 417 Park Avenue (July 10, 2020)
Properties: