New York developer Ziel Feldman is unleashing about $3.4 billion worth of new condos onto the Manhattan market, at prices that guarantee him. no shortage of demand,” said Feldman, chairman of HFZ.
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HFZ vs. the market Ziel Feldman set tongues wagging when he borrowed $1 billion for a site near the High Line, and with the project now topping out, the market is not cooperating
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Gary Barnett’s Extell Development is in contract to sell the Belnord, a storied, block-long rental building on the Upper West Side, The Real Deal has learned. Sources said the buyer is Ziel Feldman’s.
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Ziel Feldman’s HFZ Capital Group was one of the first developers to move on the neighborhood’s untapped mountain of development rights. In 2013, they acquired a large, through-block site at 3 West 29th Street and then quietly amassed a reported 350K SF of air rights up and down the block. Recently, we noticed workers and equipment milling about the cleared site, signaling construction is.
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