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!important;}.has-blush-bordeaux-gradient-background{background: var(--wp--preset--gradient--blush-bordeaux) !important;}.has-luminous-dusk-gradient-background{background: var(--wp--preset--gradient--luminous-dusk) !important;}.has-pale-ocean-gradient-background{background: var(--wp--preset--gradient--pale-ocean) !important;}.has-electric-grass-gradient-background{background: var(--wp--preset--gradient--electric-grass) !important;}.has-midnight-gradient-background{background: var(--wp--preset--gradient--midnight) !important;}.has-small-font-size{font-size: var(--wp--preset--font-size--small) !important;}.has-medium-font-size{font-size: var(--wp--preset--font-size--medium) !important;}.has-large-font-size{font-size: var(--wp--preset--font-size--large) !important;}.has-x-large-font-size{font-size: var(--wp--preset--font-size--x-large) !important;}</style><title>125 Greenwich Street | Michael Shvo | New Valley</title><meta name="description" content="Michael Shvo and Bizzi & Partners’ soaring condominium at 125 Greenwich Street will house 275 units, according to an offering plan."/><meta name="robots" content="index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1"/><link rel="canonical" href="https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/"/><meta property="og:locale" content="en_US"/><meta property="og:type" content="article"/><meta property="og:title" content="Shvo and Bizzi’s 125 Greenwich to house 275 condos"/><meta property="og:description" content="Michael Shvo and Bizzi & Partners’ soaring condominium at 125 Greenwich Street will house 275 units, according to an offering plan."/><meta property="og:url" content="https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/"/><meta property="og:site_name" content="The Real Deal"/><meta property="article:publisher" content="https://www.facebook.com/therealdealmedia/"/><meta property="article:published_time" content="2016-01-15T22:45:23+00:00"/><meta property="og:image" content="https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox.jpg"/><meta property="og:image:width" content="200"/><meta property="og:image:height" content="143"/><meta property="og:image:type" content="image/jpeg"/><meta name="author" content="E.B. Solomont"/><meta name="twitter:card" content="summary_large_image"/><meta name="twitter:description" content="Michael Shvo, Howard Lorber’s New Valley and Bizzi & Partners’ soaring condominium at 125 Greenwich Street will house 275 units – nearly 150 more than early renderings for the Financial District tower indicated. The Rafael Vinoly-designed tower will rise 91 stories with 275 condos spread over 306,312 square feet, according to an offering plan filed […]"/><meta name="twitter:creator" content="@trdny"/><meta name="twitter:site" content="@trdny"/><script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"NewsArticle","@id":"https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/#article","author":{"name":"E.B. 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Widely recognized as the must-read news outlet for breaking news and market analysis of key markets across the U.S. Quantcast ranks The Real Deal as one of the 300 most visited websites in the US, and the #1 website with the wealthiest audience.","email":"news@therealdeal.com","telephone":"2122601332","legalName":"Korangy Publishing Inc.","foundingDate":"2003","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"201","maxValue":"500"},"masthead":"https://therealdeal.com/about"},"image":[{"@type":"ImageObject","width":200,"height":143,"caption":"","url":"https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox.jpg"}],"thumbnailUrl":"https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox.jpg","keywords":["Bizzi & Partners","Michael Shvo","Popular"],"inLanguage":"en-US","articleBody":"Michael Shvo and a rendering of 125 Greenwich Street (Credit: ArX Solutions)\nMichael Shvo, Howard Lorber’s New Valley and Bizzi & Partners’ soaring condominium at 125 Greenwich Street will house 275 units – nearly 150 more than early renderings for the Financial District tower indicated.\nThe Rafael Vinoly-designed tower will rise 91 stories with 275 condos spread over 306,312 square feet, according to an offering plan filed with the Attorney General’s office and reviewed by The Real Deal. Prices were not disclosed, but units will range in size from a 403-square-foot studio to a three-bedroom pad measuring 3,625 square feet. The top two floors will have two units each.\nUnit 87A at 125 Greenwich Street\nProjected operating expenses for the condo tower will top $4 million, according to the offering plan.\nEarly renderings circulated in the fall of 2014 indicated it would have 128 units, with 10 full-floor penthouses. A 10,600-square-foot duplex was to occupy the top floor. The developer said plans were subject to change.\nUnit 87B at 125 Greenwich Street\nAccording to published reports, the building is expected to rise more than 1,000 feet, down from 1,356 feet as was initially reported. Plans filed with the Department of Buildings, however, describe an 876-foot tower.\nShvo partnered with a group of investors, including Bizzi and New Valley, to arrange $240 million of equity and debt for the acquisition and development of the site in 2014.\n“D” line on floors 23-32 at 125 Greenwich Street\nThe developers paid $185 million for the site, where Fisher Brothers and the Witkoff Group had planned a 956-foot-tall rental tower. Shvo and Bizzi are currently looking to raise $175 million for the project through the EB-5 program, which gives foreign investors a U.S. green card in exchange for a $500,000 investment.\nIn addition to 125 Greenwich, Shvo and Bizzi, along with partner Halpern Real Estate Ventures, are also planning a Renzo Piano-designed, 242,000-square-foot condominium building at 100 Varick Street. The building will house 115 condo units."},{"@type":"WebSite","@id":"https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/","url":"https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/","name":"125 Greenwich Street | Michael Shvo | New Valley","isPartOf":{"@id":"https://therealdeal.com/#website"},"image":{"@id":"https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/#primaryimage"},"description":"Michael Shvo and Bizzi & Partners’ soaring condominium at 125 Greenwich Street will house 275 units, according to an offering plan.","inLanguage":"en-US","accessibilityFeature":["largePrint/CSSEnabled","highContrast/CSSEnabled","resizeText/CSSEnabled","displayTransformability"]},{"@type":"WebSite","@id":"https://therealdeal.com/#website","url":"https://therealdeal.com/","name":"The Real Deal","description":"Real Estate News","publisher":{"@id":"https://therealdeal.com/#organization"},"alternateName":"TRD","inLanguage":"en-US"},{"@type":"NewsMediaOrganization","@id":"https://therealdeal.com/#organization","name":"The Real Deal","alternateName":"TRD","url":"https://therealdeal.com/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https://therealdeal.com/#/schema/logo/image/","url":"https://static.therealdeal.com/wp-content/uploads/2022/10/logo.jpg","contentUrl":"https://static.therealdeal.com/wp-content/uploads/2022/10/logo.jpg","width":612,"height":143,"caption":"The Real Deal"},"sameAs":["https://www.facebook.com/therealdealmedia/","https://x.com/trdny","https://www.instagram.com/therealdeal/","https://www.linkedin.com/company/therealdeal/","https://www.youtube.com/TheRealDealMagazineNewYork/","https://en.wikipedia.org/wiki/The_Real_Deal_magazine"],"description":"The Real Deal is the leading real estate news outlet read by millions of professionals and investors daily. Widely recognized as the must-read news outlet for breaking news and market analysis of key markets across the U.S. Quantcast ranks The Real Deal as one of the 300 most visited websites in the US, and the #1 website with the wealthiest audience.","email":"news@therealdeal.com","telephone":"2122601332","legalName":"Korangy Publishing Inc.","foundingDate":"2003","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"201","maxValue":"500"},"masthead":"https://therealdeal.com/about"},{"@type":"Person","@id":"https://therealdeal.com/#/schema/person/1e62806516b852799b2d977614c40bfe","name":"E.B. Solomont","url":"https://therealdeal.com/author/eb-solomont/"}]}</script><meta name="region" content="New York"/><link rel="alternate" type="application/rss+xml" href="https://therealdeal.com/new-york/feed/"/><link rel="alternate" type="application/rss+xml" href="https://therealdeal.com/sector/popular/feed/"/><meta name="sailthru.image.thumbnail" content="https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-150x143.jpg"/><meta name="sailthru.title" content="Shvo and Bizzi’s 125 Greenwich to house 275 condos"/><meta name="sailthru.date" content="January 15, 2016"/><meta name="sailthru.author" content="E.B. 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style="height:16px;width:100px"></div><div class="Skeleton_skeleton__uJMFM" style="height:16px;width:70px"></div></div></div></section></div><svg xmlns="http://www.w3.org/2000/svg" width="25" height="40" fill="none" class="TrendingArticles_buttonSlider__jFa6N TrendingArticles_rightButtonSlider__LYsFH"><path fill="#C5C2C2" d="M23.89 6.13 9.16 20.018l14.73 13.888c1.48 1.396 1.48 3.651 0 5.047-1.481 1.396-3.873 1.396-5.354 0L1.11 22.523c-1.48-1.395-1.48-3.65 0-5.046l17.426-16.43c1.481-1.396 3.873-1.396 5.354 0 1.442 1.396 1.48 3.687 0 5.083"></path></svg></div></div><section class="RightRailCommon_marketLabelAndUtils__RSEEu"><div class="MarketSectorLabel_categoryCityLabelWrapper__NuPvQ"><div class="MarketSectorLabel_sectorLabel__B6aET"><a href="/sector/popular/">Popular</a></div><div class="MarketSectorLabel_marketLabel__MwBNR"><a href="/new-york/">New York</a></div></div><div class="ArticleUtils_root___fhcx"><button class="FontSizeToggle_medium__Xu7YR FontSizeToggle_root___ojYQ Button_root__eW05B Button_secondary__DAIY2 Button_medium__Y3eCE Button_bordered__tDBvz">A</button><section class="ArticleUtils_socialShare__mWfKq"><nav class="SocialShare_socialLinks___UvPW"><ul class="SocialLinks_list__bAUwH"></ul></nav></section><section class="SaveArticle_save__XGPsm SaveArticle_small__uavx6"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none" viewBox="0 0 24 24" class="SaveArticle_saveIcon__82yoy"><path d="m11.71 16.516-7.045 3.422V2.665h14.67v17.273l-7.044-3.422-.291-.142z" class="currentColor"></path><path d="M12.62 7h-1.33v2.334H9v1.33h2.29V13h1.33v-2.336H15v-1.33h-2.38z" class="currentColorInner" clip-rule="evenodd"></path></svg></section></div></section><div class="RightRailCommon_articleHeader__gfxmp"><h1 class="Heading_root__aznJy">Shvo and Bizzi’s 125 Greenwich to house 275 condos</h1><p class="Subheading_root__MWlO8">Check out floor plans after the jump</p></div><section class="RightRailCommon_contentLayout__O_V8_"><div class="MainArt_root__0o_a5 RightRailCommon_mainArt__RxDqt"><figure class="MainArtImage_root__V26TL"><img class="MainArtImage_image__fhA_t" src="https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1.jpg" alt="Michael Shvo and a rendering of 125 Greenwich Street (Credit: ArX Solutions)" srcSet="https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1.jpg 570w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1-300x167.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1-124x69.jpg 124w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1-80x44.jpg 80w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1-450x250.jpg 450w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1-140x78.jpg 140w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1-144x80.jpg 144w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1-200x111.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwich1-379x211.jpg 379w" sizes="(max-width: 570px) 100vw, 570px" width="700" height="438"/><figcaption class="MainArtImage_subtitle__1PcBH">Michael Shvo and a rendering of 125 Greenwich Street (Credit: ArX Solutions)</figcaption></figure></div><aside class="RightRailCommon_leftRail__gGZGT"><div class="PublishedDate_root__Rn_Fz RightRailCommon_publishedDate__nE02i"><span>Jan 15, 2016, 5:45 PM</span></div><section class="Authors_root__depgJ"><div class="Authors_label__BFeu0"><span>By </span><ul class="AuthorNames_list__7eyTF"><li class="AuthorNames_listItem__N56ep"><a draggable="false" href="/author/eb-solomont/">E.B. Solomont</a></li></ul></div></section><section class="SaveArticle_save__XGPsm"><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" fill="none" viewBox="0 0 24 24" class="SaveArticle_saveIcon__82yoy"><path d="m11.71 16.516-7.045 3.422V2.665h14.67v17.273l-7.044-3.422-.291-.142z" class="currentColor"></path><path d="M12.62 7h-1.33v2.334H9v1.33h2.29V13h1.33v-2.336H15v-1.33h-2.38z" class="currentColorInner" clip-rule="evenodd"></path></svg><div class="SaveArticle_text__4Rn8S">Save article</div></section><section class="RightRailCommon_socialShare__Anei4"><p class="SocialShare_title__3VkVr">SHARE THIS ARTICLE</p><nav class="SocialShare_socialLinks___UvPW"><ul class="SocialLinks_list__bAUwH"></ul></nav></section><section class="FontSizeSelector_root__XbZ3b RightRailCommon_fontSizeSelector__87iWj"><p class="FontSizeSelector_title__FjGZl">FONT SIZE</p><div class="FontSizeSelector_list__4LuVG"><button class="FontSizeSelector_small__LQFnk FontSizeSelector_button__GZiNN 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data-width="100%" data-frameborder="no" data-scrolling="no" data-publicuserid="a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac" data-playerurl="https://elevenlabs.io/player/index.html" data-small="True" data-textcolor="rgba(26, 26, 26, 1)" data-backgroundcolor="rgba(255, 255, 255, 1)"></div></div></section><article id="the-content" class="ArticleBody_root__LD69f FontSizeSelector_medium__2ozWe ArticleBodyContainer_root__UtNd_"><p>Michael Shvo, Howard Lorber’s New Valley and Bizzi & Partners’ soaring condominium at <a class="lavamap_link" style="text-decoration:none !important;color:inherit;box-shadow:none !important;pointer-events:none;cursor:default" href="https://lavamap.com/property/125-Greenwich-Street-New-York-NY-10006/1000510014-0" target="_blank" data-address="125%20Greenwich%20Street%2C%20New%20York" data-label="125%20Greenwich%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F125-Greenwich-Street-New-York-NY-10006%2F1000510014-0" data-bbl="1000510014" data-blockValue="00051" data-lotValue="0014" data-zipcode="10006" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="9%2C067" data-lotFront="82.67" data-lotDepth="119.25" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="V1" data-primaryZoning="C5-5" data-commercialOverlay="" data-far="10" data-buildable="90%2C670" data-airRights="90%2C670" data-propertyNeighborhood="Financial%20District" data-latitude="40.7091049139104" data-longitude="-74.0127682821244" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">125 Greenwich Street</a> will house 275 units – nearly 150 more than early renderings for the Financial District tower indicated.</p><div data-testid="test-div-id-for-outstream" class="AdUnit_wrapper__KU1XL AdUnit_center__H9fGR trdAdUnitOutStream"><div id="div-id-for-outstream" class="AdUnit_container__bv5Vb"></div></div><p>The Rafael Vinoly-designed tower will rise 91 stories with 275 condos spread over 306,312 square feet, according to an offering plan filed with the Attorney General’s office and reviewed by <em>The Real Deal</em>. Prices were not disclosed, but units will range in size from a 403-square-foot studio to a three-bedroom pad measuring 3,625 square feet. The top two floors will have two units each.</p><div id="attachment_759317" style="width:580px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-759317" class="wp-image-759317 size-full" style="border:1px solid #000000;margin-top:5px;margin-bottom:5px" src="https://static.therealdeal.com/wp-content/uploads/2016/01/8788A.jpg" alt="Unit 87A" width="570" height="622"/><p id="caption-attachment-759317" class="wp-caption-text">Unit 87A at <a class="lavamap_link" style="text-decoration:none !important;color:inherit;box-shadow:none !important;pointer-events:none;cursor:default" href="https://lavamap.com/property/125-Greenwich-Street-New-York-NY-10006/1000510014-0" target="_blank" data-address="125%20Greenwich%20Street%2C%20New%20York" data-label="125%20Greenwich%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F125-Greenwich-Street-New-York-NY-10006%2F1000510014-0" data-bbl="1000510014" data-blockValue="00051" data-lotValue="0014" data-zipcode="10006" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="9%2C067" data-lotFront="82.67" data-lotDepth="119.25" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="V1" data-primaryZoning="C5-5" data-commercialOverlay="" data-far="10" data-buildable="90%2C670" data-airRights="90%2C670" data-propertyNeighborhood="Financial%20District" data-latitude="40.7091049139104" data-longitude="-74.0127682821244" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">125 Greenwich Street</a></p></div><p>Projected operating expenses for the condo tower will top $4 million, according to the offering plan.</p><p>Early <a href="/new-york/2014/09/02/new-renderings-available-for-downtowns-tallest-resi-tower/" target="_blank" rel="noopener">renderings</a> circulated in the fall of 2014 indicated it would have 128 units, with 10 full-floor penthouses. A 10,600-square-foot duplex was to occupy the top floor. The developer said plans were subject to change.</p><form action="#" class="NewsletterSmall_root__8XH_2"><h3 class="NewsletterSmall_title__WiFZh">Sign Up for the undefined Newsletter</h3><svg xmlns="http://www.w3.org/2000/svg" width="15" height="15" fill="none" viewBox="0 0 15 15" class="NewsletterSmall_closeButton__0I51F"><circle cx="7.5" cy="7.5" r="7.5" fill="#D93831"></circle><path stroke="#fff" stroke-linecap="round" stroke-width="2" d="m5.25 5.25 4.5 4.5M5.25 9.75l4.5-4.5"></path></svg><div class="NewsletterForm_root__fsnNy NewsletterSmall_form__tWLue"><input name="email" type="text" placeholder="Enter Your Email" class="Input_root__SGIF1 Input_medium__FCBqf NewsletterForm_input__h2_W2 Input_rounded__pJLz4" value=""/><button type="submit" class="NewsletterForm_signUpButton__wB5R4 Button_root__eW05B Button_primary__q4znz Button_medium__Y3eCE Button_rounded__m_n9L">SIGN UP</button></div></form><div data-testid="test-div-id-for-mid-1" class="AdUnit_wrapper__KU1XL AdUnit_sticky__Zzb6U AdUnit_placeholder___LXuz AdUnit_center__H9fGR" style="min-height:400px"><div id="div-id-for-mid-1" class="AdUnit_container__bv5Vb"></div></div><div id="attachment_759318" style="width:580px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-759318" class="wp-image-759318 size-full" style="border:1px solid #000000;margin-top:5px;margin-bottom:5px" src="https://static.therealdeal.com/wp-content/uploads/2016/01/125Greenwich87B.jpg" alt="Unit 87B" width="570" height="506"/><p id="caption-attachment-759318" class="wp-caption-text">Unit 87B at <a class="lavamap_link" style="text-decoration:none !important;color:inherit;box-shadow:none !important;pointer-events:none;cursor:default" href="https://lavamap.com/property/125-Greenwich-Street-New-York-NY-10006/1000510014-0" target="_blank" data-address="125%20Greenwich%20Street%2C%20New%20York" data-label="125%20Greenwich%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F125-Greenwich-Street-New-York-NY-10006%2F1000510014-0" data-bbl="1000510014" data-blockValue="00051" data-lotValue="0014" data-zipcode="10006" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="9%2C067" data-lotFront="82.67" data-lotDepth="119.25" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="V1" data-primaryZoning="C5-5" data-commercialOverlay="" data-far="10" data-buildable="90%2C670" data-airRights="90%2C670" data-propertyNeighborhood="Financial%20District" data-latitude="40.7091049139104" data-longitude="-74.0127682821244" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">125 Greenwich Street</a></p></div><p>According to published reports, the building is expected to rise more than 1,000 feet, down from 1,356 feet as was initially reported. Plans filed with the Department of Buildings, however, describe an 876-foot tower.</p><p>Shvo partnered with a group of investors, including Bizzi and New Valley, to arrange $240 million of equity and debt for the acquisition and development of the site in 2014.</p><div id="attachment_759319" style="width:580px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" aria-describedby="caption-attachment-759319" class="wp-image-759319 size-full" style="border:1px solid #000000;margin-top:5px;margin-bottom:5px" src="https://static.therealdeal.com/wp-content/uploads/2016/01/23-32D.jpg" alt=""D" line on floors 23-32" width="570" height="304"/><p id="caption-attachment-759319" class="wp-caption-text">“D” line on floors 23-32 at <a class="lavamap_link" style="text-decoration:none !important;color:inherit;box-shadow:none !important;pointer-events:none;cursor:default" href="https://lavamap.com/property/125-Greenwich-Street-New-York-NY-10006/1000510014-0" target="_blank" data-address="125%20Greenwich%20Street%2C%20New%20York" data-label="125%20Greenwich%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F125-Greenwich-Street-New-York-NY-10006%2F1000510014-0" data-bbl="1000510014" data-blockValue="00051" data-lotValue="0014" data-zipcode="10006" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="9%2C067" data-lotFront="82.67" data-lotDepth="119.25" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="V1" data-primaryZoning="C5-5" data-commercialOverlay="" data-far="10" data-buildable="90%2C670" data-airRights="90%2C670" data-propertyNeighborhood="Financial%20District" data-latitude="40.7091049139104" data-longitude="-74.0127682821244" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">125 Greenwich Street</a></p></div><p>The developers <a href="/new-york/2014/08/29/shvo-closes-on-125-greenwich-condo-project-valued-at-240m/" target="_blank" rel="noopener">paid $185 million for the site</a>, where Fisher Brothers and the Witkoff Group had planned a 956-foot-tall rental tower. Shvo and Bizzi are currently looking to raise $175 million for the project through the <a href="/new-york/2015/07/10/shvo-witkoff-look-to-get-800m-in-eb-5-funding/" target="_blank" rel="noopener">EB-5 program</a>, which gives foreign investors a U.S. green card in exchange for a $500,000 investment.</p><div data-testid="test-div-id-for-mid-2" class="AdUnit_wrapper__KU1XL AdUnit_sticky__Zzb6U AdUnit_placeholder___LXuz AdUnit_center__H9fGR" style="min-height:400px"><div id="div-id-for-mid-2" class="AdUnit_container__bv5Vb"></div></div><p>In addition to 125 Greenwich, Shvo and Bizzi, along with partner Halpern Real Estate Ventures, are also planning a Renzo Piano-designed, 242,000-square-foot condominium building at <a class="lavamap_link" style="text-decoration:none !important;color:inherit;box-shadow:none !important;pointer-events:none;cursor:default" href="https://lavamap.com/property/100-Varick-Street-New-York-NY-10013/1004770035-0" target="_blank" data-address="100%20Varick%20Street%2C%20New%20York" data-label="100%20Varick%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F100-Varick-Street-New-York-NY-10013%2F1004770035-0" data-bbl="1004770035" data-blockValue="00477" data-lotValue="0035" data-zipcode="10013" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="4%2C557" data-lotFront="108.17" data-lotDepth="56" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="V1" data-primaryZoning="M1-6" data-commercialOverlay="" data-far="10" data-buildable="45%2C570" data-airRights="45%2C570" data-propertyNeighborhood="SoHo" data-latitude="40.7239891735717" data-longitude="-74.0058147696678" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F100-Varick-Street-New-York-NY-10013%5C%2F1004770035-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F100-Varick-Street-New-York-NY-10013%5C%2F1004770035-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener">100 Varick Street</a>. The building will house 115 condo units.</p></article><section class="ArticleMeta_root__RIXB_ ArticleContent_tags__RA5B7"><h5 class="ArticleMeta_title___w1eY">Tags</h5><div class="ArticleMeta_list__coaca"><a draggable="false" class="Tag_root__zlMtf Button_root__eW05B Button_default__RwopH Button_small__eUzny Button_rounded__m_n9L Button_bordered__tDBvz" href="/tag/bizzi-partners/">Bizzi & Partners</a><a draggable="false" class="Tag_root__zlMtf Button_root__eW05B Button_default__RwopH Button_small__eUzny Button_rounded__m_n9L Button_bordered__tDBvz" href="/tag/michael-shvo/">Michael Shvo</a></div></section></div><aside class="RightRailCommon_rightRail__SUJw2"><div data-testid="test-div-id-for-right-0" class="AdUnit_wrapper__KU1XL AdUnit_sticky__Zzb6U AdUnit_placeholder___LXuz AdUnit_center__H9fGR AdUnit_rightRail__FI_gy" style="min-height:700px"><div id="div-id-for-right-0" class="AdUnit_container__bv5Vb"></div></div><div class="PianoRecommendedContent_recommendedContent__ntcDR 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Solomont","sections":"New York,Popular,Bizzi \u0026amp; Partners,Michael Shvo","post_id":603937,"__typename":"Chartbeat"},"post":{"id":"cG9zdDo2MDM5Mzc=","databaseId":603937,"title":"Shvo and Bizzi’s 125 Greenwich to house 275 condos","status":"publish","slug":"shvo-and-bizzis-125-greenwich-to-house-275-condos","uri":"/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/","link":"https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/","date":"2016-01-15T17:45:23","contentTypeName":"post","contentFiltered":"\u003cp\u003eMichael Shvo, Howard Lorber\u0026#8217;s New Valley and Bizzi \u0026amp; Partners’ soaring condominium at \u003ca class=\"lavamap_link\" style=\"text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;\" href=\"https://lavamap.com/property/125-Greenwich-Street-New-York-NY-10006/1000510014-0\" target=\"_blank\" data-address=\"125%20Greenwich%20Street%2C%20New%20York\" data-label=\"125%20Greenwich%20Street\" data-url=\"https%3A%2F%2Flavamap.com%2Fproperty%2F125-Greenwich-Street-New-York-NY-10006%2F1000510014-0\" data-bbl=\"1000510014\" data-blockValue=\"00051\" data-lotValue=\"0014\" data-zipcode=\"10006\" data-bldgArea=\"0\" data-bldgDepth=\"0\" data-bldgFront=\"0\" data-landUse=\"Vacant%20land\" data-lotArea=\"9%2C067\" data-lotFront=\"82.67\" data-lotDepth=\"119.25\" data-retailArea=\"0\" data-resArea=\"0\" data-officeArea=\"0\" data-garageArea=\"0\" data-strgeArea=\"0\" data-factryArea=\"0\" data-otherArea=\"0\" data-bldgClass=\"V1\" data-primaryZoning=\"C5-5\" data-commercialOverlay=\"\" data-far=\"10\" data-buildable=\"90%2C670\" data-airRights=\"90%2C670\" data-propertyNeighborhood=\"Financial%20District\" data-latitude=\"40.7091049139104\" data-longitude=\"-74.0127682821244\" data-moreList=\"%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D\" data-articleList=\"%5B%5D\" rel=\"noopener\"\u003e125 Greenwich Street\u003c/a\u003e will house 275 units – nearly 150 more than early renderings for the Financial District tower indicated.\u003c!--more--\u003e\u003c/p\u003e\n\u003cp\u003eThe Rafael Vinoly-designed tower will rise 91 stories with 275 condos spread over 306,312 square feet, according to an offering plan filed with the Attorney General\u0026#8217;s office and reviewed by \u003cem\u003eThe Real Deal\u003c/em\u003e. Prices were not disclosed, but units will range in size from a 403-square-foot studio to a three-bedroom pad measuring 3,625 square feet. The top two floors will have two units each.\u003c/p\u003e\n\u003cdiv id=\"attachment_759317\" style=\"width: 580px\" class=\"wp-caption aligncenter\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-759317\" class=\"wp-image-759317 size-full\" style=\"border: 1px solid #000000; margin-top: 5px; margin-bottom: 5px;\" src=\"https://static.therealdeal.com/wp-content/uploads/2016/01/8788A.jpg\" alt=\"Unit 87A\" width=\"570\" height=\"622\" /\u003e\u003cp id=\"caption-attachment-759317\" class=\"wp-caption-text\"\u003eUnit 87A at \u003ca class=\"lavamap_link\" style=\"text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;\" href=\"https://lavamap.com/property/125-Greenwich-Street-New-York-NY-10006/1000510014-0\" target=\"_blank\" data-address=\"125%20Greenwich%20Street%2C%20New%20York\" data-label=\"125%20Greenwich%20Street\" data-url=\"https%3A%2F%2Flavamap.com%2Fproperty%2F125-Greenwich-Street-New-York-NY-10006%2F1000510014-0\" data-bbl=\"1000510014\" data-blockValue=\"00051\" data-lotValue=\"0014\" data-zipcode=\"10006\" data-bldgArea=\"0\" data-bldgDepth=\"0\" data-bldgFront=\"0\" data-landUse=\"Vacant%20land\" data-lotArea=\"9%2C067\" data-lotFront=\"82.67\" data-lotDepth=\"119.25\" data-retailArea=\"0\" data-resArea=\"0\" data-officeArea=\"0\" data-garageArea=\"0\" data-strgeArea=\"0\" data-factryArea=\"0\" data-otherArea=\"0\" data-bldgClass=\"V1\" data-primaryZoning=\"C5-5\" data-commercialOverlay=\"\" data-far=\"10\" data-buildable=\"90%2C670\" data-airRights=\"90%2C670\" data-propertyNeighborhood=\"Financial%20District\" data-latitude=\"40.7091049139104\" data-longitude=\"-74.0127682821244\" data-moreList=\"%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D\" data-articleList=\"%5B%5D\" rel=\"noopener\"\u003e125 Greenwich Street\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e\n\u003cp\u003eProjected operating expenses for the condo tower will top $4 million, according to the offering plan.\u003c/p\u003e\n\u003cp\u003eEarly \u003ca href=\"/new-york/2014/09/02/new-renderings-available-for-downtowns-tallest-resi-tower/\" target=\"_blank\" rel=\"noopener\"\u003erenderings\u003c/a\u003e circulated in the fall of 2014 indicated it would have 128 units, with 10 full-floor penthouses. A 10,600-square-foot duplex was to occupy the top floor. The developer said plans were subject to change.\u003c/p\u003e\n\u003cdiv id=\"attachment_759318\" style=\"width: 580px\" class=\"wp-caption aligncenter\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-759318\" class=\"wp-image-759318 size-full\" style=\"border: 1px solid #000000; margin-top: 5px; margin-bottom: 5px;\" src=\"https://static.therealdeal.com/wp-content/uploads/2016/01/125Greenwich87B.jpg\" alt=\"Unit 87B\" width=\"570\" height=\"506\" /\u003e\u003cp id=\"caption-attachment-759318\" class=\"wp-caption-text\"\u003eUnit 87B at \u003ca class=\"lavamap_link\" style=\"text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;\" href=\"https://lavamap.com/property/125-Greenwich-Street-New-York-NY-10006/1000510014-0\" target=\"_blank\" data-address=\"125%20Greenwich%20Street%2C%20New%20York\" data-label=\"125%20Greenwich%20Street\" data-url=\"https%3A%2F%2Flavamap.com%2Fproperty%2F125-Greenwich-Street-New-York-NY-10006%2F1000510014-0\" data-bbl=\"1000510014\" data-blockValue=\"00051\" data-lotValue=\"0014\" data-zipcode=\"10006\" data-bldgArea=\"0\" data-bldgDepth=\"0\" data-bldgFront=\"0\" data-landUse=\"Vacant%20land\" data-lotArea=\"9%2C067\" data-lotFront=\"82.67\" data-lotDepth=\"119.25\" data-retailArea=\"0\" data-resArea=\"0\" data-officeArea=\"0\" data-garageArea=\"0\" data-strgeArea=\"0\" data-factryArea=\"0\" data-otherArea=\"0\" data-bldgClass=\"V1\" data-primaryZoning=\"C5-5\" data-commercialOverlay=\"\" data-far=\"10\" data-buildable=\"90%2C670\" data-airRights=\"90%2C670\" data-propertyNeighborhood=\"Financial%20District\" data-latitude=\"40.7091049139104\" data-longitude=\"-74.0127682821244\" data-moreList=\"%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D\" data-articleList=\"%5B%5D\" rel=\"noopener\"\u003e125 Greenwich Street\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e\n\u003cp\u003eAccording to published reports, the building is expected to rise more than 1,000 feet, down from 1,356 feet as was initially reported. Plans filed with the Department of Buildings, however, describe an 876-foot tower.\u003c/p\u003e\n\u003cp\u003eShvo partnered with a group of investors, including Bizzi and New Valley, to arrange $240 million of equity and debt for the acquisition and development of the site in 2014.\u003c/p\u003e\n\u003cdiv id=\"attachment_759319\" style=\"width: 580px\" class=\"wp-caption aligncenter\"\u003e\u003cimg loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-759319\" class=\"wp-image-759319 size-full\" style=\"border: 1px solid #000000; margin-top: 5px; margin-bottom: 5px;\" src=\"https://static.therealdeal.com/wp-content/uploads/2016/01/23-32D.jpg\" alt=\"\u0026quot;D\u0026quot; line on floors 23-32\" width=\"570\" height=\"304\" /\u003e\u003cp id=\"caption-attachment-759319\" class=\"wp-caption-text\"\u003e\u0026#8220;D\u0026#8221; line on floors 23-32 at \u003ca class=\"lavamap_link\" style=\"text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;\" href=\"https://lavamap.com/property/125-Greenwich-Street-New-York-NY-10006/1000510014-0\" target=\"_blank\" data-address=\"125%20Greenwich%20Street%2C%20New%20York\" data-label=\"125%20Greenwich%20Street\" data-url=\"https%3A%2F%2Flavamap.com%2Fproperty%2F125-Greenwich-Street-New-York-NY-10006%2F1000510014-0\" data-bbl=\"1000510014\" data-blockValue=\"00051\" data-lotValue=\"0014\" data-zipcode=\"10006\" data-bldgArea=\"0\" data-bldgDepth=\"0\" data-bldgFront=\"0\" data-landUse=\"Vacant%20land\" data-lotArea=\"9%2C067\" data-lotFront=\"82.67\" data-lotDepth=\"119.25\" data-retailArea=\"0\" data-resArea=\"0\" data-officeArea=\"0\" data-garageArea=\"0\" data-strgeArea=\"0\" data-factryArea=\"0\" data-otherArea=\"0\" data-bldgClass=\"V1\" data-primaryZoning=\"C5-5\" data-commercialOverlay=\"\" data-far=\"10\" data-buildable=\"90%2C670\" data-airRights=\"90%2C670\" data-propertyNeighborhood=\"Financial%20District\" data-latitude=\"40.7091049139104\" data-longitude=\"-74.0127682821244\" data-moreList=\"%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F125-Greenwich-Street-New-York-NY-10006%5C%2F1000510014-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D\" data-articleList=\"%5B%5D\" rel=\"noopener\"\u003e125 Greenwich Street\u003c/a\u003e\u003c/p\u003e\u003c/div\u003e\n\u003cp\u003eThe developers \u003ca href=\"/new-york/2014/08/29/shvo-closes-on-125-greenwich-condo-project-valued-at-240m/\" target=\"_blank\" rel=\"noopener\"\u003epaid $185 million for the site\u003c/a\u003e, where Fisher Brothers and the Witkoff Group had planned a 956-foot-tall rental tower. Shvo and Bizzi are currently looking to raise $175 million for the project through the \u003ca href=\"/new-york/2015/07/10/shvo-witkoff-look-to-get-800m-in-eb-5-funding/\" target=\"_blank\" rel=\"noopener\"\u003eEB-5 program\u003c/a\u003e, which gives foreign investors a U.S. green card in exchange for a $500,000 investment.\u003c/p\u003e\n\u003cp\u003eIn addition to 125 Greenwich, Shvo and Bizzi, along with partner Halpern Real Estate Ventures, are also planning a Renzo Piano-designed, 242,000-square-foot condominium building at \u003ca class=\"lavamap_link\" style=\"text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;\" href=\"https://lavamap.com/property/100-Varick-Street-New-York-NY-10013/1004770035-0\" target=\"_blank\" data-address=\"100%20Varick%20Street%2C%20New%20York\" data-label=\"100%20Varick%20Street\" data-url=\"https%3A%2F%2Flavamap.com%2Fproperty%2F100-Varick-Street-New-York-NY-10013%2F1004770035-0\" data-bbl=\"1004770035\" data-blockValue=\"00477\" data-lotValue=\"0035\" data-zipcode=\"10013\" data-bldgArea=\"0\" data-bldgDepth=\"0\" data-bldgFront=\"0\" data-landUse=\"Vacant%20land\" data-lotArea=\"4%2C557\" data-lotFront=\"108.17\" data-lotDepth=\"56\" data-retailArea=\"0\" data-resArea=\"0\" data-officeArea=\"0\" data-garageArea=\"0\" data-strgeArea=\"0\" data-factryArea=\"0\" data-otherArea=\"0\" data-bldgClass=\"V1\" data-primaryZoning=\"M1-6\" data-commercialOverlay=\"\" data-far=\"10\" data-buildable=\"45%2C570\" data-airRights=\"45%2C570\" data-propertyNeighborhood=\"SoHo\" data-latitude=\"40.7239891735717\" data-longitude=\"-74.0058147696678\" data-moreList=\"%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F100-Varick-Street-New-York-NY-10013%5C%2F1004770035-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F100-Varick-Street-New-York-NY-10013%5C%2F1004770035-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D\" data-articleList=\"%5B%5D\" rel=\"noopener\"\u003e100 Varick Street\u003c/a\u003e. The building will house 115 condo units.\u003c/p\u003e\n","noAds":false,"alternativeHeadline":{"subheadline":"Check out floor plans after the jump","__typename":"AlternativeHeadline"},"updatedPost":{"updated":false,"date":"2024-12-09T11:02:00+00:00","__typename":"UpdatedPost"},"mainArt":{"mediaType":"image","image":{"node":{"sourceUrl":"/wp-content/uploads/2016/01/shvo125Greenwich1.jpg","srcSet":"/wp-content/uploads/2016/01/shvo125Greenwich1.jpg 570w, /wp-content/uploads/2016/01/shvo125Greenwich1-300x167.jpg 300w, /wp-content/uploads/2016/01/shvo125Greenwich1-124x69.jpg 124w, /wp-content/uploads/2016/01/shvo125Greenwich1-80x44.jpg 80w, /wp-content/uploads/2016/01/shvo125Greenwich1-450x250.jpg 450w, /wp-content/uploads/2016/01/shvo125Greenwich1-140x78.jpg 140w, /wp-content/uploads/2016/01/shvo125Greenwich1-144x80.jpg 144w, /wp-content/uploads/2016/01/shvo125Greenwich1-200x111.jpg 200w, /wp-content/uploads/2016/01/shvo125Greenwich1-379x211.jpg 379w","sizes":"(max-width: 570px) 100vw, 570px","caption":null,"altText":"","__typename":"MediaItem"},"__typename":"AcfMediaItemConnectionEdge"},"video":null,"caption":"Michael Shvo and a rendering of 125 Greenwich Street (Credit: ArX Solutions)","__typename":"MainArt"},"featuredImage":{"node":{"sourceUrl":"https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox.jpg","srcSet":"https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-124x89.jpg 124w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-80x57.jpg 80w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-140x100.jpg 140w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-144x103.jpg 144w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-116x83.jpg 116w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-114x83.jpg 114w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-104x74.jpg 104w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-101x72.jpg 101w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-92x65.jpg 92w, https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox-188x133.jpg 188w","sizes":"(max-width: 200px) 100vw, 200px","caption":null,"altText":"","mediaDetails":{"sizes":null,"__typename":"MediaDetails"},"__typename":"MediaItem"},"__typename":"NodeWithFeaturedImageToMediaItemConnectionEdge"},"__typename":"Post","template":{"templateValue":"right-rail","__typename":"DefaultTemplate"},"seo":{"title":"125 Greenwich Street | Michael Shvo | New Valley","fullHead":"\u003c!-- This site is optimized with the Yoast SEO Premium plugin v23.0 (Yoast SEO v23.0) - https://yoast.com/wordpress/plugins/seo/ --\u003e\n\u003cmeta name=\"description\" content=\"Michael Shvo and Bizzi \u0026amp; Partners’ soaring condominium at 125 Greenwich Street will house 275 units, according to an offering plan.\" /\u003e\n\u003cmeta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" /\u003e\n\u003clink rel=\"canonical\" href=\"https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/\" /\u003e\n\u003cmeta property=\"og:locale\" content=\"en_US\" /\u003e\n\u003cmeta property=\"og:type\" content=\"article\" /\u003e\n\u003cmeta property=\"og:title\" content=\"Shvo and Bizzi’s 125 Greenwich to house 275 condos\" /\u003e\n\u003cmeta property=\"og:description\" content=\"Michael Shvo and Bizzi \u0026amp; Partners’ soaring condominium at 125 Greenwich Street will house 275 units, according to an offering plan.\" /\u003e\n\u003cmeta property=\"og:url\" content=\"https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/\" /\u003e\n\u003cmeta property=\"og:site_name\" content=\"The Real Deal\" /\u003e\n\u003cmeta property=\"article:publisher\" content=\"https://www.facebook.com/therealdealmedia/\" /\u003e\n\u003cmeta property=\"article:published_time\" content=\"2016-01-15T22:45:23+00:00\" /\u003e\n\u003cmeta property=\"og:image\" content=\"https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox.jpg\" /\u003e\n\t\u003cmeta property=\"og:image:width\" content=\"200\" /\u003e\n\t\u003cmeta property=\"og:image:height\" content=\"143\" /\u003e\n\t\u003cmeta property=\"og:image:type\" content=\"image/jpeg\" /\u003e\n\u003cmeta name=\"author\" content=\"E.B. Solomont\" /\u003e\n\u003cmeta name=\"twitter:card\" content=\"summary_large_image\" /\u003e\n\u003cmeta name=\"twitter:description\" content=\"Michael Shvo, Howard Lorber\u0026#8217;s New Valley and Bizzi \u0026amp; Partners’ soaring condominium at 125 Greenwich Street will house 275 units – nearly 150 more than early renderings for the Financial District tower indicated. The Rafael Vinoly-designed tower will rise 91 stories with 275 condos spread over 306,312 square feet, according to an offering plan filed [\u0026hellip;]\" /\u003e\n\u003cmeta name=\"twitter:creator\" content=\"@trdny\" /\u003e\n\u003cmeta name=\"twitter:site\" content=\"@trdny\" /\u003e\n\u003cscript type=\"application/ld+json\" class=\"yoast-schema-graph\"\u003e{\"@context\":\"https://schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https://therealdeal.com/new-york/2016/01/15/shvo-and-bizzis-125-greenwich-to-house-275-condos/#article\",\"author\":{\"name\":\"E.B. Solomont\",\"@id\":\"https://therealdeal.com/#/schema/person/1e62806516b852799b2d977614c40bfe\"},\"headline\":\"Shvo and Bizzi’s 125 Greenwich to house 275 condos\",\"datePublished\":\"2016-01-15T22:45:23+00:00\",\"dateModified\":\"2016-01-15T22:45:23+00:00\",\"wordCount\":345,\"publisher\":{\"@type\":\"NewsMediaOrganization\",\"@id\":\"https://therealdeal.com/#organization\",\"name\":\"The Real Deal\",\"alternateName\":\"TRD\",\"url\":\"https://therealdeal.com/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https://therealdeal.com/#/schema/logo/image/\",\"url\":\"https://static.therealdeal.com/wp-content/uploads/2022/10/logo.jpg\",\"contentUrl\":\"https://static.therealdeal.com/wp-content/uploads/2022/10/logo.jpg\",\"width\":612,\"height\":143,\"caption\":\"The Real Deal\"},\"sameAs\":[\"https://www.facebook.com/therealdealmedia/\",\"https://x.com/trdny\",\"https://www.instagram.com/therealdeal/\",\"https://www.linkedin.com/company/therealdeal/\",\"https://www.youtube.com/TheRealDealMagazineNewYork/\",\"https://en.wikipedia.org/wiki/The_Real_Deal_magazine\"],\"description\":\"The Real Deal is the leading real estate news outlet read by millions of professionals and investors daily. Widely recognized as the must-read news outlet for breaking news and market analysis of key markets across the U.S. Quantcast ranks The Real Deal as one of the 300 most visited websites in the US, and the #1 website with the wealthiest audience.\",\"email\":\"news@therealdeal.com\",\"telephone\":\"2122601332\",\"legalName\":\"Korangy Publishing Inc.\",\"foundingDate\":\"2003\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"201\",\"maxValue\":\"500\"},\"masthead\":\"https://therealdeal.com/about\"},\"image\":[{\"@type\":\"ImageObject\",\"width\":200,\"height\":143,\"caption\":\"\",\"url\":\"https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox.jpg\"}],\"thumbnailUrl\":\"https://static.therealdeal.com/wp-content/uploads/2016/01/shvo125Greenwichfbox.jpg\",\"keywords\":[\"Bizzi \u0026amp; Partners\",\"Michael Shvo\",\"Popular\"],\"inLanguage\":\"en-US\",\"articleBody\":\"Michael Shvo and a rendering of 125 Greenwich Street (Credit: ArX Solutions)\\nMichael Shvo, Howard Lorber\u0026#8217;s New Valley and Bizzi \u0026amp; Partners’ soaring condominium at 125 Greenwich Street will house 275 units – nearly 150 more than early renderings for the Financial District tower indicated.\\nThe Rafael Vinoly-designed tower will rise 91 stories with 275 condos spread over 306,312 square feet, according to an offering plan filed with the Attorney General\u0026#8217;s office and reviewed by The Real Deal. Prices were not disclosed, but units will range in size from a 403-square-foot studio to a three-bedroom pad measuring 3,625 square feet. The top two floors will have two units each.\\nUnit 87A at 125 Greenwich Street\\nProjected operating expenses for the condo tower will top $4 million, according to the offering plan.\\nEarly renderings circulated in the fall of 2014 indicated it would have 128 units, with 10 full-floor penthouses. A 10,600-square-foot duplex was to occupy the top floor. The developer said plans were subject to change.\\nUnit 87B at 125 Greenwich Street\\nAccording to published reports, the building is expected to rise more than 1,000 feet, down from 1,356 feet as was initially reported. Plans filed with the Department of Buildings, however, describe an 876-foot tower.\\nShvo partnered with a group of investors, including Bizzi and New Valley, to arrange $240 million of equity and debt for the acquisition and development of the site in 2014.\\n\u0026#8220;D\u0026#8221; line on floors 23-32 at 125 Greenwich Street\\nThe developers paid $185 million for the site, where Fisher Brothers and the Witkoff Group had planned a 956-foot-tall rental tower. Shvo and Bizzi are currently looking to raise $175 million for the project through the EB-5 program, which gives foreign investors a U.S. green card in exchange for a $500,000 investment.\\nIn addition to 125 Greenwich, Shvo and Bizzi, along with partner Halpern Real Estate Ventures, are also planning a Renzo Piano-designed, 242,000-square-foot condominium building at 100 Varick Street. 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