JDS Development Group and Largo Investments picked up a Williamsburg warehouse at 71 North 7th Street for $10,500,000 in March.

Developer Michael Stern, in partnership with Largo Investments, arranged a $74.5 million construction loan with the Spanish lender Santander Bank to build the Fitzroy

The site will soon give rise to a 10-story condominium building designed by Roman & Williams, and we can now reveal the first rendering of the project

With new Whitney, some major galleries are consolidating their positions on the West Side. Commercial rents in the neighborhood have jumped to as much as $160 a square foot, from $50 to $60 about five years ago, according to area real-estate brokers.

“The High Line brought foot traffic, foot traffic brings retail, retail brings restaurants: It’s a virtuous cycle,” says Largo Investments principal Nicholas Werner.

Manhattan apartments top gold as instrument for storing wealth, says BlackRock chairman

Mr. Stern partnered with Largo Investments in the deal at 71 North 7th Street. The pair plans to build a three-story, 15,000-square-foot condo building with retail space on the ground level. Mr. Stern, a Crain’s 40 Under 40 honoree, has teamed up with Largo Investments before, on a site the two bought together on West 24th Street in Manhattan near the High Line. The duo plans to build a condo there

New York City has created more jobs over the past five years than during any five-year period in the last half century.

Average Price of a Co-op or Condo Rises 13.1% to $1.74 Million. The price of a Manhattan apartment soared to near record levels in the last quarter of 2014, highlighting the increasingly separate apartment markets for the city’s super rich and just about everyone else.

The project is being jointly developed by Largo Investments and Michael Stern’s JDS Development Group. The architect of record is IBI Group-Gruzen Samton, but YIMBY has learned that the design architect will be Roman and Williams.