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Naftali Group Partners with SL Green on FiDi Development Project

“SL Green and the Naftali Group have partnered to buy the fee interest in a development site formerly owned by Sam Chang at 33 Beekman Street in the Financial District. The partnership closed on the deal for the fee interest yesterday, the Naftali Group revealed today, and plans on developing a Gene Kaufman-designed 30-story student housing facility there to cater to Pace University students. Upon completion of the development, the partnership will convey a long-term ground lease condominium interest in the building to Pace University for approximately 29 floors of student housing together with ground-floor school-related space, the company said.” [read more on TheRealDeal.com].