For some time, Arthur Becker has been silently financing some top developers including Robert Gladstone, Michael Stern and Kevin Maloney. However, Arthur has made indications on going solo on a recent condominium project.
Details of the condominium project were revealed by an offering plan that was filed with the New York State Attorney General’s office. According to the plan, Arthur Becker is planning to develop an eight-unit building that will be located in Tribeca at 465 Washington Street. Additional information from the offering plan indicates that the project’s sellout is about $52.5 million. See more on Arthurbeckerstudio.com.
In an interview with The Real Deal, Arthur Becker cited that the project at 465 Washington will be a boutique building that will feature interiors designed by the renowned Paris Forino. Becker embarked on his career as a homebuilder before operating a macadamia orchard located in Hawaii. Later on, he gradually made his way into finance and technology.
Once complete, the 465 Washington condominium will host one penthouse duplex and seven simplex apartments that arrange from 2000 to 4000 square feet. According to Becker, the prices for the apartments will range from $2000 to $3200 per square foot. As such, the units will have an asking price that falls between $5 million and $14 million, particularly for the penthouse.
Arthur Becker is an acclaimed corporate executive. He has made a name for himself as an investor in real estate and technology. Currently, he serves as the managing member of Madison Partners. The company deals with real estate and early stage biotechnology ventures. Previously, Becker served as the chief executive officer and chairperson of Zinio, LLC, the globe’s largest digital newsstand, from 2012 to 2015.
Before Zinio, Becker served as the CEO of NaviSite, a company that provided Internet technology hosting, colocation and services to businesses in the UK and US from 2002 to 2010. He also worked for Vera Wang Fashion as the senior advisor for about seven years. Arthur is a well-educated individual with a mixed major of photography and ceramics from the Bennington College. He also acquired business knowledge and skills from Amos Tuck School of Business at Dartmouth.
For more info, visit: https://en.wikipedia.org/wiki/Art_Becker