We are a leader in providing sophisticated, creative and practical advice to developers, lenders and investors on all types of condominium and shared ownership projects.
Our condominiums team possesses decades of experience unrivalled in depth and breadth. We help clients plan, structure, develop, finance, and implement ownership, operation and management regimes and provide counsel on the legal, regulatory and business aspects of the registration, marketing and sale of luxury residential, mixed-use and commercial condominiums in both public and non-public offerings.
In the area of public offerings, our experience in both straightforward offerings and complex projects is unmatched. We are known for crafting market sensitive and business savvy offering plans which pay attention to the particular features and characteristics of each project. We have represented developers on many of the supertall and luxury condominium projects dotting the New York skyline and nearly all the hotel conversions in Manhattan. We handle the registration of in-state and out-of-state projects as well as registration exemptions and we advise on marketing, negotiate unit sales and conduct highly effective customer-oriented closing programs. The team also represents clients in the redevelopment and conversion of tenanted buildings as condos and is experienced in structuring projects that include both market-rate rental and affordable housing components.
Our work covers the entire range of developments requiring bespoke and sophisticated condominium solutions, enabling individual property owners to own, operate, finance and manage their properties in accordance with their specific needs or to facilitate separate ownership of differing components of large-scale development projects such as Hudson Yards and the Moynihan Train Station. This deep experience includes unique structures for purely commercial properties, such as those utilizing 30+ year leasehold condominiums to enable not-for-profit tenant entities to qualify for exemption from New York City real property taxes, representing both institutional owners as well as major not-for-profits including two preeminent New York City hospitals as well as universities. We are also innovators in using condominium law to enhance the conversion of office properties to multi-family residential, for sale condos, commercial and other mixed uses.
Our experience includes multifaceted, unique developments such as the mixed-use Hudson Yards project; commercial properties such as Moynihan Train Hall and the landmark Palace Theatre; the development of both 432 Park Ave and Central Park Tower, the tallest residential properties in the city; and iconic hotel conversions that include The Plaza, The St. Regis and The Mark. We have also assisted clients with timeshare and fractional ownership projects.
As a full-service global law firm with a highly skilled commercial real estate practice, our team works collaboratively with colleagues in our land use, environment, tax and other practice groups to devise integrated solutions.
