“Nowhere else in this city one can find a rare combination of the old New York, the bucolic beauty and good value while still remaining a Manhattanite,” says Leo Tsimmer, managing partner at Caerus. “It's an honor to participate in the growth and contribute the modern housing development to this fantastic neighborhood.”

Other projects of Caerus include with partner Quality Capital purchasing 827 Broadway, 831 Broadway and 47 E. 12th St., where they had planned to build a 14-story, 70,000 square-foot office tower, as reported in Commercial Property Executive. Community groups led by the Greenwich Village Society for Historic Preservation opposed this proposal. They wanted to landmark the Broadway properties, having noted famous artists including Willem and Elaine de Kooning, Paul Jenkins, and Larry Poons lived and painted in the buildings. The Landmarks Preservation Commission subsequently landmarked the property.

Josh Schuster, managing principal of Silverback, states his company is enthusiastic about developing “one of the first residential new construction projects in the emerging Hudson Heights neighborhood.” He adds, “We are excited to see commercial growth in the area as well, with projects like the upcoming opening of uptown's largest food and beer hall—North End—only one block away from our site.”

Another one of Silverback's ongoing projects includes with a silent partner developing a $100 million condominium project at 351-359 Second Ave. at the corner of E. 21st Street in Gramercy, in Manhattan. In March 2017, Crain's reported that building will be 80,000 square feet, 145 feet tall, 13-stories and will house 65 units.