Arthur Becker is one of the top investors and developers in the property space. His investment portfolio also spans to technology and finance. Becker launched his career as a homebuilder; afterwards, he managed Macadamia Orchard and finally ventured into tech and finance.
According to Wikipedia.com, for a long period, Becker has been a financier of top developers. However, he has lately decided to solely develop a condominium project. Based on the offering plan filed with the office of New York State Attorney General, the project consisting eight units and expected to yield $52.5 million will be built in 465 Washington Street in Tribeca.
Paris Forino is the interior designer of the Tribeca boutique project. On completion, the building will consist of a duplex penthouse and seven simplex apartments measuring between 2,000 to 4,000 square feet. The projected price per square foot ranges from $2,200-$3,200. The price of penthouse units is expected to be between $5 million to $14 million.
The condominium project is not the only venture that the tech mogul has undertaken in the city. Early in 2012, Peter Moore was embattled in a $4.7 million foreclosure suit, forcing him to sell his 465 Washington to Becker at a cost of $6.1 million. In addition, Becker also acquired an adjacent building at 471 Washington to enable him transform the building into a five story.
Real Capital Analytics estimates that Becker’s investment in New York City is worth over $550 million. Notably, he has invested heavily in JDS Development Group. The investor-turned-developer has also invested a colossal amount of money in supertower at 111 West 57th Street. Other notable developments that Becker has financed include PMG, condo development at 10 Sullivan Street and assemblage at 251-259 Third Avenue.
About Arthur Becker
Born in 1950 in Brooklyn, NY, Arthur attended Bennington College, graduating with a BA in Fine Arts. He also went to Tuck Business School in Dartmouth. Currently, he serves as the managing member of Madison Partners, LLC, a firm that invests in Bio Tech startups and real estate http://madisonpartners.nyc/about-arthur/ . Earlier, Becker was chairman and CEO for Zinio, LLC. He also worked at Vera Wang Fashion Company as a senior Advisor and NaviSite as the CEO.
For more info you can visit Arthurbeckerstudio.