If you are going to spend any time reading on the Real Deal website about the real estate investment world in New York then you had better get used to the name Arthur Becker. Arthur Becker is one of the biggest investors in New York as he has put his money where his mouth is, investing guys like Michael Stern and Kevin Maloney. Now Becker is stepping up and out from behind the investments of other people. Becker took aim at his property on 465 Washington in Tribeca in order to start creating his first big solo project.
Becker is a tech mogul who has moved with great success right into the real estate world. He’s played a huge part in city development in New York, pouring in over $500 million throughout his career in the city. Now he’s going to go ahead and take a shot at putting his name on the outside of the building with an eight unit boutique in Tribeca. Becker initially purchased the building for $6 million from an architect by the name of Peter Moore. Moore had lost the building and was looking at potential foreclosure when Becker showed up and took the property off of his hands.
According to ideamensch.com, it looks like Becker has huge plans for the property at 465 Washington as he has made sure to purchase the surrounding buildings. Becker plans to expand the building from five stories all the way to 10 stories and his goal is to end up with an 8 unit building for high income condos. The interior of the building will be designed by Paris Forino and it will have flares of ‘artisanal’ design trends. Becker points to the property as a ‘primer purchase’ but it looks like he is finally ready to really dive into the fray for himself, making a name as his own developer rather than just an investor.
Keeping an eye on Arthur Becker (http://arthurbeckerstudio.com/) in the New York real estate development world is probably a good idea. Becker has a long history of success in several huge industries. His property on 465 Washington looks to be just the latest feather in his cap.
View Arthur Becker’s full bio on crunchbase.com.