{"id":1004122708,"date":"2015-07-07T12:21:40","date_gmt":"2015-07-07T20:21:40","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354689"},"modified":"2021-05-14T18:01:26","modified_gmt":"2021-05-15T02:01:26","slug":"related-severs-ties-with-manhattan-luxury-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/related-severs-ties-with-manhattan-luxury-asset\/","title":{"rendered":"Related Severs Ties with Manhattan Luxury Asset"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"MiMA<\/a><\/p>\n

MiMA Tower – 460 W 42nd St<\/em><\/p>\n<\/div>\n

An ultra-luxury residential asset recently changed hands in the Big Apple. Related Cos.<\/a> sold the 151-unit One MiMA Tower<\/a> in Manhattan to Kuafu Properties<\/a>. The terms of the deal for the high-end property have not been disclosed.<\/p>\n

One MiMA Tower is comprised of the top 13 floors of a luxury-rental building at 460 W. 42nd<\/sup> St. developed by NYC\u2019s Related Cos. According to a news release, Kuafu intends to convert the 151 rental units into condominiums. Post-closing, Related will continue to work as property manager and development advisor to the new owner.<\/p>\n

\u201cThis is an exciting acquisition, because of everything One MiMA Tower offers residents,\u201d said Shang Dai, Kuafu Properties CEO. \u201cWith spectacular views, inspired design and world-class amenities, One MiMA Tower units will fill a void in New York City\u2019s residential market by offering ultra-luxury residences at a more attractive pricing to other new development offerings.”<\/p>\n

Related\u2019s mixed-use MiMA development opened in 2012 and offers one of the largest residential amenity packages on the island. The LEED Gold-certified tower incorporates a fitness club, basketball court, swimming pool, a Frank Gehry-designed theater, a 669-key Yotel, business center, bicycle storage, and much more. The building offers guests and residents panoramic views of the Hudson River and the Manhattan skyline.<\/p>\n

With this latest purchase, Kuafu now has more than one million square feet of residential, retail and hospitality assets under development in New York City. The company is currently working on a hotel and condominium tower called Hudson Rise on Eleventh Ave. and a mixed-use development on the Upper East Side, according to Crain\u2019s New York Business<\/a>.<\/em><\/p>\n

Image courtesy of Related Cos.<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

An ultra-luxury residential asset has recently changed hands in the Big Apple.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004122708","post","type-post","status-publish","format-standard","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"\nRelated Severs Ties with Manhattan Luxury Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/related-severs-ties-with-manhattan-luxury-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Related Severs Ties with Manhattan Luxury Asset\" \/>\n<meta property=\"og:description\" content=\"An ultra-luxury residential asset has recently changed hands in the Big Apple.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/related-severs-ties-with-manhattan-luxury-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-07T20:21:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T02:01:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/MiMA-Exterior-432cor.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-severs-ties-with-manhattan-luxury-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-severs-ties-with-manhattan-luxury-asset\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"Related Severs Ties with Manhattan Luxury Asset\",\"datePublished\":\"2015-07-07T20:21:40+00:00\",\"dateModified\":\"2021-05-15T02:01:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-severs-ties-with-manhattan-luxury-asset\\\/\"},\"wordCount\":288,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-severs-ties-with-manhattan-luxury-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/MiMA-Exterior-432cor.jpg\",\"articleSection\":[\"New York\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-severs-ties-with-manhattan-luxury-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/related-severs-ties-with-manhattan-luxury-asset\\\/\",\"name\":\"Related Severs Ties with Manhattan Luxury Asset - 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