Allied Partners

To date, Allied has acquired more than 30 properties and funded numerous private mortgage loans, the majority of which have been in Manhattan and Miami. Among Allied’s most notable acquisitions are the purchase of the 1.65 million square foot Citigroup Center, a trophy office building located in midtown Manhattan; the LVMH building located at the corner of Fifth Avenue and 57th Street; the former Studio 54 theater and adjacent office tower; the legendary Brill Building, a 175,000 square foot landmark retail and office building located in Times Square; a 350,000 square foot development site on West 40th Street directly overlooking Bryant Park and The Savoy Hotel, an oceanfront hotel located on 5th Street and Ocean Drive in Miami Beach. As an experienced developer, Allied completed the Woodbury Centre, a 230,000 square foot shopping center and hotel site next to Woodbury Commons in Woodbury, New York as well as the redevelopment of 285 Lafayette Street in Soho, a luxury condominium conversion in which Allied gut renovated and enlarged a 100-year old factory adding an additional 4 floors while the building remained occupied. Allied is an active lender, having funded over $300 million in real estate loans in recent years, specifically focusing on assets where the company holds a long-term ownership position. With its acquisition and re-branding of RoseTerra, the company now manages 430 of New York’s highest end residential condominium and coop buildings containing 40,000 residences. The occupants of these units represent the top 0.01% of income earners in the country. Our managed portfolio includes some of New York’s most valuable residential buildings such as 220 Central Park South (which recently closed on the highest priced home ever sold in the United States at $240M), 15 Central Park West, the San Remo, One Beacon Court, 56 Leonard (aka the Jenga Building), One Fifth Avenue, 740 Park and numerous other renowned coops and condos.