NEW YORK CITY—The notoriously quiet developer reportedly has agreed to pick up the property from Fisher Bros. and Steven Witkoff.
NEW YORK CITY—Developer and condominium marketer Michael Shvo is in contract to buy 22 Thames St.—also known as 125 Greenwich St.—for about $180 million, according to the New York Post.
Shvo reportedly is set to grab the asset from Fisher Bros. and Steven Witkoff, who paid approximately $87.5 million in September 2012. The transaction is being handled by Andrew Scandalios, senior managing director, HFF. A spokeswoman for the firm did return calls from GlobeSt.com requesting confirmation of this news. Watch this space for a possible update.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
