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A blog from CityRealty (Links below will take you to the 6sqft site)

Carter's View

A 90,000-square foot commercial condominium at 15 Broad Street has been sold to Tides Shared Spaces, a San Francisco-based not-for-profit organization that develops infrastructure projects for other non-for-profits.

The space consists of three full floors, a basement, a lobby and a dedicated entrance at 55 Exchange Place in Downtown by Philippe Stark, the large residential condominium project by Leviev Boymelgreen.

The space is located across the street from the New York Stock Exchange and will house Thoreau Center, a multi-tenant nonprofit center with work and program space for New York City non-for-profits and cultural organizations.

Zvi Boymelgreen, the chef executive officer of Leviev Boymelgreen, said that "This deal is a wonderful demonstration of the changes taking place in Lower Manhattan," adding that "the residential boom has helped transform Downtown in to a 24/7 community and it is increasingly becoming home to companies from outside the financial services sector, broadening the economic base and ensuring its long-term success as a commercial hub."

Alice DiMarzio, Howard J. Kesseler and James Kuhn of Newmark Capital Group represented Leviev Boymelgreen along with Jordon Metzger of Herrick Feinstein and Samantha Sheebar of Starr Associates. Diego Recalde of Concrete Stories and Adam Spencer of Spencer & Associates represented Tides Shared Spaces.

In making the announcement, Leviev Boymelgreen also disclosed that its plans for its recently acquired property at 14 Wall Street will have "a number of commercial condominiums," but made no mention of residential condominiums as had been previously speculated upon in some reports. A spokesman for the company told CityRealty.com today that "at the moment there are no plans for residential condominiums but it is still an option."

The announcement said that the owners of 14 Wall Street plan to "reserve a portion of this space for non-for-profit tenants, fostering the continuing diversification of Lower Manhattan's economy."

The principals of Leviev Boymelgreen are Shaya Boymelgreen, the founder of Boymelgreen Developers in 1994, and Lev Leviev, the head of AI Investments, a public trading company based in Tel Aviv.
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Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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