News: Brokerage

Konover completes first phase of Paradise Plaza

Konover Development Corp. recently completed the first phase of the redevelopment of the former Erie Blvd. Hechinger Plaza. The new center, called Paradise Plaza, is home to three new tenants. The first and master tenant, Paradise Cos. 2, opened Paradise Market, a 70,000 s/f indoor marketplace with over 200 vendors. The second prospective new tenant is a 30,000 s/f antique mall that would take the place of the former Price Chopper. And third, Empire Buffet, a Chinese take-out and buffet style restaurant, will occupy over 10,000 s/f and is scheduled to open at the end of the month. Existing tenant, Factory Card Outlet, extended its current lease. Konover Development Corporation specializes in retail real estate development throughout the Northeast and Mid-Atlantic states. Konover is one of the region's most active developers, with numerous new projects currently in various stages of development for national and regional retail clients. Konover partners with communities to foster understanding and consensus for every new project. This spirit of cooperation has been successful in achieving the right balance of client and community needs for over 50 years. Paradise Market is a one-of-a-kind, upscale, marketplace facility located in Dewitt, NY. It features over 250 single vendor spaces for both start-up and small businesses. It offers a regional farmer's market-type atmosphere for vendors, food service and entertainment.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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