Developer Wolfe Landau Buys FiDi Redevelopment Site for $35M
AI Summary
Developer Wolfe Landau's affiliated company, Peninim Water, purchased two adjacent lots in New York's Financial District for $35 million, signaling planned redevelopment for 78 Pearl Street and 46-48 Water Street. The acquisition underscores active real estate investment and development in Manhattan's FiDi neighborhood.
An entity tied to Brooklyn-based developer Wolfe Landau has snapped up two adjacent Financial District lots poised for redevelopment. The buyer, Landau’s Peninim Water, paid $35 million across two deals for 78 Pearl Street and 46-48 Water Street, according to property records made public Tuesday. The New York Business Journal first reported the deal. The […]
Markets Deals Real Estate Wolfe Landau Financial District real estate property acquisition New York City redevelopment