Arthur Becker has not been directly involved in real estate development until recently. However, he has been the silent force behind some of the largest New York Developers including the likes of Kevin Maloney, Michael Stern and Robert Gladstone. However, this time round the investor decided to do the development himself in one of his properties by establishing a condominium project.
The offering plan he presented at the New York’s attorney general’s office proved that the investor and now developer intended to build units whose sell out value was estimated at 52 million dollars in 465 Washington street, Tribeca.
A an interview in his art studio, Becker revealed to the real deal that this Tribeca project would not only be a boutique building, but will also have artistic features. In fact, the famous French designer, Paris Forino, would do the interior.
Becker purchased this property as a Beginning of many to come. Becker began his building career when he started out in business then moved to being an owner of a macadamia orchard in Hawaii before changing to the tech and finance industries. He expressed his enthusiasm about Tribeca where he claimed that this was a size that he could manage.
Upon completion, the 465 Washington project will be comprised of simplex apartments and a duplex penthouse. The asking price for the seven simplex apartments will be 5 million dollars each whereas the one penthouse will ask for 14 million dollars.
Becker purchased this property from a developer that faced threats of foreclosure. He continued to buy other properties around it to accommodate his expansion project. The real capital analysis reveals that Becker has contributed over 550 million in different New York projects. Even so, no one knows for sure the amount of money that Arthur Becker has deployed.
According to Wikipedia, Arthur Becker is a successful financial expert at PMG as well as the Madison Equities. He currently lives and works in New York. He is Madison Partners, LLC’s managing member. Madison Partners deals with real estate and Biotechnology. He is also a major investor in real estate projects.