Stonehenge NYC Completes Acquisition of 780 Greenwich Street Luxury Apartment Building in New York’s West Village Neighborhood

NEW YORK, NY – Ofer Yardeni, Chairman and CEO of Stonehenge NYC, announced that the company has closed on the buy of 780 Greenwich Street, New York, New York. The six-tale, 70,000 sq. ft. building, which contains 88 residential units, commands a full 148 foot blockfront in Manhattan’s West Village. The property was built in 1950.
780 Greenwich is situated on Greenwich Street between Bank and Bethune Streets in the heart of the West Village, one of the city’s most desirable neighborhoods. This pet-friendly, doorman building is close to many of the city’s most vibrant restaurants, shops, and nightlife offerings and is only steps away from the Meatpacking District, the Highline, as well as the Hudson River Esplanade. 780 Greenwich will join 26 other buildings in the Stonehenge NYC portfolio. The property offers duplex units, a rarity in the West Village.
“We are excited to expand Stonehenge’s presence in the West Village. 780 Greenwich Street represents a right trophy asset as it is one of the few rental buildings in the Village with more than 75 large apartments. I am pleased to say that with this off-market acquisition, Stonehenge NYC now manages two of these rare assets, the other being 10 Downing Street, located just blocks away. We look forward to providing a first-class experience to the residents of 780 Greenwich,” said Mr. Yardeni.
This off-market deal was sourced by Stonehenge NYC which also led the underwriting and due diligence. The company will manage the property, as it does its entire portfolio. Stonehenge NYC plans to upgrade the building’s apartments and amenities to the high standard found throughout its portfolio. The company plans to utilize its best-in-class property management team, technology platform, and lifestyle offerings to enhance the resident experience. Tenants will be able sign leases online, utilize a user-friendly tenant app on their smartphones, and join the Stonehenge community of over 5,000 New Yorkers.

Powered by WPeMatico

Sentral and OliverBuchananGroup Form Partnership to Build and Operate Urban Multifamily Communities in Target Markets

DENVER, CO – Sentral and OliverBuchananGroup, a leading mixed-use development company, announced a partnership to develop new urban multifamily communities and mixed-use projects in high growth U.S. markets. Sentral will serve as the exclusive property management company for residential properties, and the partnership will initially target projects in Denver, San Diego, Phoenix, Dallas, Austin and Nashville.
Sentral’s rapid national expansion plans continue and its first collaboration with OliverBuchananGroup will center on Denver’s River North District (RiNo). The partnership has engaged several local and global design firms to plot for a striking community that will include more than 300 units of residential living, as well as retail, office and event space. Construction is currently set to commence in 2023. The development’s location sits in one of the highest concentrations of restaurants, entertainment and breweries in Denver, with more than one million square feet of office space under construction within a one-mile radius.
“As we expand our footprint, we are strategically aligning ourselves with partners like OliverBuchananGroup who share our vision to build and operate the next generation of residential living,” said Jon Slavet, Chief Executive Officer at Sentral. “Through this collaboration, we will address modern consumer preferences for living and travel while introducing brand standards and flexibility into the multifamily sector for the first time.”
Led by Chairman Morgan Dene Oliver and Chief Executive Officer Eric Buchanan, OBG boasts an expanding real estate portfolio that includes a unique mix of retail, entertainment, office, hotel, and residential projects throughout the U.S. With architectural integrity, sustainability, and creativity at the forefront, OBG grew from its roots in OliverMcMillan – an internationally renowned development firm whose assets were bought by Brookfield Properties in 2018. In its 42-year history, OliverMcMillan was grounded in making special and dynamic places; designing and developing more than 8 million square feet of mixed-use projects with a yucky project value exceeding $4 billion across 11 domestic markets – including stand-out developments such as Lilia in Waikiki, Symphony Honolulu, River Oaks District in Houston, Fifth and Broadway in Nashville, and Buckhead Village in Atlanta.
“While we continue to see the rise in demand for small-term rentals, it is impactful to see a brand like Sentral pioneering flexible living in the multifamily market – offering residents top-notch amenities and design-driven accommodations in desirable cities,” said OBG’s Chairman Morgan Dene Oliver. “We look forward to collaborating with Sentral on developing these new communities and making dynamic spaces where residents can work, play and make memories.”

Powered by WPeMatico

Cantor Fitzgerald and BH Companies Acquire 309-Unit West End at City Center Apartment Community in Kansas City Submarket of Lenexa

KANSAS CITY, KS – A joint venture between affiliates of Cantor Fitzgerald and BH Companies, bought a 309-unit multifamily property known as West End at City Center in Lenexa, a submarket of Kansas City, Kansas. The acquisition is the seventh multifamily acquisition by joint ventures between Cantor Fitzgerald and BH. The transaction was brokered by Mac Crowther and Whittaker Potts of the Newmark Kansas City office.
The Property is strategically positioned near the I-435 and I-35 transportation arteries, 20 miles southwest of Kansas City’s central business district. In addition, the Property is conveniently located within walking distance of Lenexa City Center, a 200-acre development featuring a mix of shopping, restaurants, entertainment venues, offices, living options, and hotels.
“We are excited to add Kansas City to our growing national portfolio with the buy of West End at City Center,” said Matt Keefer, Managing Director at Cantor Fitzgerald. “The Property’s spacious interiors, desirable amenities, and central location to nearby employment and entertainment options presented a fantastic opportunity to buy a well-performing multifamily asset in a strong submarket.”
Built in 2009, and managed by BH, the Property features one-, two-, and three-bedroom apartments with an average unit size of 970 square feet. Community amenities include a 24-hour fitness center, swimming pool, business center, and a picnic and grilling area. As of July 28, 2022, the Property was 95.8% leased.
“We are thrilled to continue our partnership with Cantor Fitzgerald on this acquisition, which represents a high-quality asset in a fantastic location within the Kansas City market, where BH has a significant presence,” said Mike Baker, Vice President of Equities at BH.
As of June 30, 2022, Cantor Fitzgerald’s real estate investment management portfolio includes over 8,000 multifamily units and 16.0 million square feet of office, industrial, and retail space across 147 properties. In 2021, Cantor Fitzgerald participated in approximately $140 billion of total real estate transactions.

Powered by WPeMatico