Steven Simkin, Chair Emeritus of the Real Estate Department, maintains an active practice in major development projects, acquisitions and financings. His clients include major developers, investors, real estate investment trusts, institutional and private equity lenders, funds, and public and private institutions. He also has significant experience with workouts, restructurings and dispute resolutions integrating litigation, bankruptcy and tax expertise. He speaks regularly at industry symposiums and conferences on lease negotiations and writes on complex financing issues.
His numerous development transactions include representing the landowner in connection with:
- redevelopment of the Gramercy Park Hotel;
- redevelopment and coop conversion of the Stanhope Hotel;
- negotiation of a 99-year ground lease with a developer for a high-rise apartment complex that will include both market-rate and affordable housing components in West Chelsea;
- redevelopment of 470 Vanderbilt Avenue in Fort Greene, Brooklyn, into a mixed-use facility including office, retail, residential and cultural space;
- renovation and modernization of the historic Breslin Hotel in the Chelsea neighborhood of Manhattan;
- a ground lease covering the lower floors and amenity facility of a new East Side residential condominium; and
- renegotiation of a long-term ground lease between The Cooper Union for the Advancement of Science and Art and Edward J. Minskoff Properties allowing for the development of a 370,000-square-foot mixed-use retail, educational and office property at 51 Astor Place.