Michael Kirchmann
Founder
Ceo
GDS Development
(GDSNY)
1245 Broadway, 21st floor New York, New York, 10001, USA
GDS Development|Corem Property Group|GDS Development|Klovern NYC portfolio
$522.8 million* – office 36%, V1 35%, condo 22%; Manhattan 100%
351th largest portfolio by dollar value
600,875 sqft – office 44%, condo 40%, V1 14%;
551th largest by SF
7 properties – Manhattan 100%
1084th largest
Other Links:
Person Activity past 24 months:
Lender signatory: 1 for $80 million
Top Ten Associated Companies:
Nordic Trustee & Agency (1), Mitsubishi Corporation (1), Tara Maguire (1), Calmwater Capital (1), Neil Wainland (1), Deutsche Pfandbriefbank (1)
Top Ten Associated People:
Adam Kastengren Sandberg (1), Alan Rudikoff (1), Craig E. Vosburg (1), Tara Maguire (1), Neil Wainland (1)
Recent activity as signatory:
• 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 1241 Broadway, Penn Station, Manhattan on March 10, 2023.
• GDS Development borrowed $6.7 million from Calmwater Capital for 255 10th Avenue, Chelsea, Manhattan on December 13, 2021.
• Corem Property Group and GDS Development borrowed $140 million from Nordic Trustee & Agency for 417 Park Avenue and 407 Park Avenue, Midtown East, Manhattan on March 07, 2022.
• GDS Development sold 500 West 25th, Chelsea, Manhattan for $12.2 million to Tara Maguire on October 05, 2021.
• Neil Wainland sold 116 10th Avenue, 118 10th Avenue, 453 West 17th Street, Chelsea, Manhattan for $17.7 million to Klovern on September 21, 2020.
• Michael Kirchmann filed plans for new building for 72,696 sqft in Chelsea, Manhattan, on April 08, 2019.
• Michael Kirchmann filed plans for new building for 140,834 sqft in Penn Station, Manhattan, on August 07, 2018.
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)
• Klövern, GDSNY acquire air rights, easement valued at $17.7M in Chelsea (October 06, 2020)
• Benny Barmapov pays $9M to Neil Wainland for property in Chelsea (October 06, 2020)