Arthur Becker Digs Deep to Invest in Soho Development

You won’t need to research any real estate magazines to see the effect that Arthur Becker is starting to have on the industry. Arthur Becker was a stockbroker who turned to real estate after hitting it big trading tech companies. Over the past decade or so he has become increasingly famous for his high profile marriage to fashion designer Vera Wang. Outside of the gossip magazines, however, Becker has been gamely working on developing one of the greater real estate enterprises in all of New York City. Now Becker is turning to a development in downtown Soho in order to get more work off of the ground.

Arthur Becker has taken a little bit of time to establish himself here in the New York real estate market but it seems like the shackles are finally coming off and he is moving forward full steam ahead. Becker’s worked alongside some of the biggest investors in the city – Kevin Maloney, Michael Stearns, while also developing on some of the biggest projects. Becker’s recently been making more of a point out of making his own way and that has seen him reach into a developmental project in Soho. Becker has always loved the Soho neighborhood so it makes sense that he would buy into the 10 Sullivan Street condominium project. Becker calls Sullivan street, “One of the most charming streets in Soho.” Becker is certainly putting his money where his mouth is, as records show that Becker is nearly $15 million into his investment on the project.

Recently the news on The Real Deal came out that Becker purchased a trio of townhouses right on Sullivan street as part of this developmental project. He purchased the homes located at 30, 40, and 50 Sullivan Street. Within 90 days of this purchase Becker plans to have the townhouses complete and ready to inhabit. Becker plans to live in one while selling the other two or leasing them. These condominiums look to be just the start for what might be a very active year for Becker. Becker has also been working alongside JDS Development Group at this point as well. You can visit Bloomberg for more info.

Read more: http://www.nydailynews.com/life-style/real-estate/vera-wang-wealthy-nabs-30k-month-union-sq-rental-article-1.2244221

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