(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)
NEW YORK CITY-The real estate group at Herrick, Feinstein LLP has been selected by the Republic of Turkey to represent it on all aspects of development and construction of a new and expanded Turkish Center at 46th Street and 1st Avenue across from the United Nations.
The firm – which has a long-standing relationship with the Turkish community after senior partner Lawrence M. Kaye spearheaded the Turkish Practice Group at Herrick in the mid 1980s – will advise the republic about its real estate and planning matters throughout the redevelopment process here. “Our firm has a long history of working with Turkey, and this is another important chapter in that relationship,” Kaye notes, in a statement.
According to the company, Herrick recently strengthened its Turkish practice with the addition of Barbaros M. Karaahmet, who is qualified to practice both in the United States and in Turkey. In his new role, Karaahmet is helping expand the firm’s representation of the Turkish Government, and Herrick’s work with a growing number of Turkish companies doing business in the US, as well as US companies investing in Turkey and the surrounding region.
Michael E. McMahon, co-chair of Herrick’s Government Relations Practice and former US Congressman and city council member, will also be a key player on the team. “During my time in office on both the city and federal levels, it was clear that the Turkish-American population in the New York region was growing rapidly and that Turkey was becoming a major center for business and commerce,” he says. “The new Turkish Center will provide needed services to Turkish-Americas and will stand as a symbol of Turkey’s increasingly important stature as an emerging world leader.”
Jonathan Adelsberg, a real estate partner at Herrick, will lead the team. “Being selected as part of this major project is an honor and a privilege, and Herrick’s Real Estate team is committed to helping the Republic of Turkey turn the vision for its new Turkish Center into a reality,” he says.
The current Turkish consulate is located at 348 E. 46th Street—also known as 821 UN Plaza.
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