Arthur Becker; Building the Skyline of New York City

Arthur Becker is a business executive and real estate investor based in New York. He attended Bennington College where he graduated with a Bachelor of Arts degree in 1972. He went on to earn a Master’s degree in Business from the Tuck School of Business at Dartmouth College. Becker was appointed the CEO of NaviSite in 2002. He has been the managing director of Madison Technology Group since 2001. He has also been a managing member of Atlantic Investors since 2002. Becker served as a senior advisor to the Vera Wang fashion company for seven years. He was the CEO and Chairman of Zinio. This is a digital newsstand service for three years. Visit his website for more info.

Becker has funded some of the biggest developers in the city including Robert Gladstone and Kevin Maloney in the past. Becker is developing a condominium project in Tribeca, New York. He will put up an eight-unit building at 465 Washington Street. The building will have a sellout of more than fifty million dollars. He said that the project would be a boutique and artisanal building. Paris Forino will do its interior design. The building will comprise of a penthouse duplex and seven simplex apartments. The penthouse will go for $14 million. The single units will go for five million dollars.

According to Curbed, Becker bought 465 Washington at six million dollars from Peter Moore in 2012. Moore sold it after he defaulted on a loan that he had received from VFC Partners. Becker bought the development rights from the owners of 471 Washington Street so that he could expand the building to ten stories. Becker paid a million dollars for an easement from the owners of 502-506 Canal Street. Becker has invested in more than half a billion dollars in projects in New York City since he became a property investor. Becker is a financial backer of several projects in the city including the Billionaires’ Row condo and the Madison Equities condo.

Becker responded to comments about the decline of luxury properties. Becker said that he had enough time to sell the eight units. This is because construction will be completed in two years and there are only a few apartments that he has to sell, more details can be found on Bloomberg.

See more:

Leave a Reply

Your email address will not be published. Required fields are marked *