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548 W 22nd Street

548 W 22nd Street, West Chelsea

This unique project is the proud cornerstone of The Harch Group’s continuing strategy of finding value-add opportunities while simultaneously cash-flowing the project. In 2014, the project was acquired in a joint venture with PMG (Property Markets Group) for $40 million along with some major environmental remediation risk and long-term tenancies in place. All tenants were relocated and all environmental sign offs were achieved. Planning is underway for a yet to be announced world-renowned architect that has designed a unique collection of luxury residences along with art gallery space on retail level. Project is slated to break ground Summer 2015.

The Renwick

15 Renwick Street, West Soho

15renwick.com

Acquired in 2007 and designed as a 44-unit condo project by the world-renowned firm ILA Architect. Even during the financial downturn in 2008, the project had sold 40% of its units to high profile buyers. Upon the financial meltdown, the project’s funding seized and the project stalled for a few years. In 2011, The Harch Group repositioned its debt and equity with a 3-way joint venture along with GGP (Glacier Global Partners) and IGI (Izaki Group). As with all its other projects, The Harch Group’s mission statement is to see all projects through to completion, as such, current sales are underway for this magnificent newly updated design by Eran Chen of ODA for a 31 unit luxury condo project, along with some adjoining town houses and multiple duplex town houses. This project‎ is currently over 85% sold in contract, and in final completion & in delivery phase for 1st quarter of 2016.

US Steel Building

Grant Street Pittsburg, PA

This Trophy iconic 2.3M SF tower was acquired in 2014 in a joint venture limited partnership role with the legendary 601 West Companies portfolio of trophy assets. With a recovering US real estate climate‎, along with some major risk factors as; some anchor tenants renewal coming due at the time of acquisition, along with a annual stable minimal short term returns, The long term tremendous upside, makes this a prime example of the type of projects the Jeremias Family has been investing in over the years.

4000 Connecticut Ave

Washington DC

Deal was acquired in 2014 as a repositioning it into a class A office building that will include a value add opportunity to a 3X multiple on investment wihin one of the premiere US markets. Since completing the acquisition in late 2012 the sponsor has started on a major repositioning of this asset as a premier TAMI tenant desired building within the Washington DC market. Total office space: 630,000 sf

771 Washington

771 Washington New York, NY

In the end of 2015 The Harch Group closed on this approx 30,000 sf project in a joint venture with a high net worth private investor, as the Meatpacking district prime corridor moves down south on Washington St, with the opening last year of the new Whitney Museum, and millions of visitors a year entering the highline park steps away from this project, a long term vision approach was put in place, with the current tenant in place cash flowing the asset on a short term basis. With the potential of additional air rights, as well as a complex process of navigating thru the Landmarks & Preservation Commission (LPC) approval process, this project is precisely the type of challenge that the Harch Group has taken comfort in over the years to deliver upon with the most talented & sophisticated team of consultants & starchitects.

550 West Jackson Avenue

550 West Jackson Avenue Chicago, IL 60661

Within ten days of closing on 550 West Jackson Avenue (which was 90% occupied at the time), a diversified-financial service tenant with a market cap of several billion dolalrs, which had occupied 40% of the property had been paying half of the revenues of the property, filed for bankruptcy protection due to a massive fraud perpetrated by its CEO and CFO alone. Confronted by the daunting prospect of extraordinary operating losses of $5 million annually, which were based upon a then half-empty building, as well as the almost certain default on its mortgage. Debt was restructured and lowered, a preferred equity partner willing to accrue its return was found, and fresh equity funds to pay for the new leasing costs to lease theat recently vacated half of the building were resolved. By setting these goals and successfully achieving them, today the property is fully occupied, a significant positive cash flow from quality tenants in place with long-term leases, and distributions are set to begin.

Aegon Center

400 West Market Street Louisville, KY

Located in the heart of downtown Louisville, Kentucky, the Aegon Center is a 633,650 square foot tower. Currently the Aegon Center is one of Harch Group’s most premiere investments in a major US market far outperforming its original projections. Underneath its distinct Romanesque dome that illuminates Kentucky’s skyline are 22,000 square feet of retail amenities and a six-level garage. In 2006, the Jeremias Family Partnership and a group of syndicate investors acquired this trophy asset with a long-term strategy hold in The Harch Group's portfolio.

Metropolitan Square

1 Metropolitan Square Saint Louis, MO 63101

Located in the heart of Saint Louis, Missouri, Metropolitan Square is a one million square foot building. Metropolitan Square is one of Harch Group’s most premiere investments in a major US market far outperforming its original projections. The Jeremias Family Partnership and a group of syndicate investors acquired this trophy asset for approximately $165M with a long-term strategy hold in The Harch Group's portfolio.

The Starrett-Lehigh

601 W 26th St. New York, NY

Prior to the founding of The Harch Group, in August 1998, the Jeremias Family Holding was involved in successfully acquired this 2.3 million square foot manufacturing warehouse with its unique, landmarked architectural design. The building had substantial vacancies (40%) and very sizeable operating losses. Harry oversaw close to 1 million square feet of construction for this landmark between 2003-2004. Today, the property has been converted into the epicenter for the gentrification and rehabilitation of the entire West Chelsea neighborhood, with world-renowned tenants in the media and design industries. The property was refinanced twice within five years of acquisition. In late 2011, the partnership successfully sold out for $976 million to RXR Fund. With the property 98% occupied, rents average over $30 per square foot.

218 W 18th Street

218 W 18th Street, Chelsea, New York, NY 10011

Acquired in 2007 as a vacant 175,000 square foot industrial building, $25 million was invested to reposition the building with new windows, electrical risers, façade, lobby and common areas. The jewel of this building was creating a sprawling 15,000 square foot retail component that is now the US headquarters of Red Bull Energy Drink. 218 W 18th Street is today considered an elite address among its many creative / innovative technology and media tenants. This project went through its own share of financial challenges during the last real estate downturn, and in 2011 The Harch Group repositioned its debt and equity with a 3-way joint venture along with Atlas Capital Group and Green Oak Partners to stabilize and fully lease out its entire building. In 2013, the joined venture sold the project to ARC (American Realty Capital) for a tremendously successful exit.

40 Broad Street

40 Broad Street, Financial District

Acquired in 2011, the approximately 113,000 square feet of retail and commercial portion of the renowned Setai downtown Manhattan project. The all-equity/no debt ~$18M acquisition and closing took place in less than 30 days as part of the repositioning and liquidation of the Anglo-Irish debt from the previous development team. Within its original strategy of this short term hold The Harch Group successfully completed the immediate sale of the commercial portfolio to a major public REIT.

Bank of America Center

555 California Street San Francisco, CA

In 2004, the commercial real estate market in San Francisco was in the midst of its dramatic decline. Rental rates, which had previously topped $100 per square foot were now in the $30-$40 range. The total of the purchase price and capital raise was approximately $850,000,000. As the market began to improve soon thereafter, the acquisition team was signing leases at $60-70 per square foot. Because of its exceptional ability, the property was sold within two years of acquisition and achieved a 150% return on its partners’ investment.

Golden Triangle

Middletown, NY

Phase 1 of Golden Triangle includes 195 residential townhouses in addition to 500,000 square feet of retail and commercial space. Currently pending city approvals for Phase 1, Golden Triangle is located at the intersection of Route 17 and Route 211 across from the Galleria and Orange Plaza Malls in the city of Middletown, NY.

320 Ocean Parkway

Brooklyn, NY

These 3 prime residential multi family buildings of approx 200 units, are uniquely located along the Ocean Parkway Flatbush area of Brooklyn NY. These primely located buildings have been family managed, cash flowing positively for decades in the JFP holding company. In 2016 a major value add project will be implemented, with major renovations of all common area's as well as facade & lobby upgrades, that will re-position the brooklyn portfolio as prime trophy assets.

420 Avenue F

Brooklyn, NY

These 3 prime residential multi family buildings of approx 200 units, are uniquely located along the Ocean Parkway Flatbush area of Brooklyn NY. These primely located buildings have been family managed, cash flowing positively for decades in the JFP holding company. In 2016 a major value add project will be implemented, with major renovations of all common area's as well as facade & lobby upgrades, that will re-position the brooklyn portfolio as prime trophy assets.

2302 85th Street

Brooklyn, NY

These 3 prime residential multi family buildings of approx 200 units, are uniquely located along the Ocean Parkway Flatbush area of Brooklyn NY. These primely located buildings have been family managed, cash flowing positively for decades in the JFP holding company. In 2016 a major value add project will be implemented, with major renovations of all common area's as well as facade & lobby upgrades, that will re-position the brooklyn portfolio as prime trophy assets.

The Paris

752 West End Avenue, New York City, 10025

theparisnewyork.com

In 2010, The Harch Group initiated the acquisition of 752 West End Avenue, “The Paris”, from Westbrook Partners for $73 million on a short term vision with a quick turnaround of sell-off to a joint venture with a few prominent real estate families. Completely repositioning the assets with major upgrades to the exterior, interiors, and the facade of the approximately 200 units, The Paris is now considered one of the elite residential pre-war buildings of the eminent Upper West Side neighborhood of Manhattan.

801 Second Avenue

801 Second Avenue New York NY 10017

In 1998, the Jeremias Family acquired 175,000 square feet of this Class “A” office building in the prominent East Side of Manhattan for approximately $19M. At the time of acquisition, 801 Second Avenue was at a 30% vacancy. As Harry’s first major asset management project as General Manager of the assets, he was able to cut 42% of the operating costs and bring the occupancy to a full 100%. In 2002, 801 Second Avenue was sold for $39M, kicking off The Harch Group’s success in its diverse and extensive portfolio.

135 W 50th Street

135 W 50th St, New York, 10020

In 2010, the Harch Group in part with a joint venture of a syndicate of investors, acquired a majority stake of a ground lease interest of ~1 million square foot office tower which is currently owned by UBS as a long term investment opportunity at a way below market rate. The acquisition strategy was a long-term hold of this stable and secure investment, with a moderate short term return and highly successful long-term play. In 2012, the JV sold its entire interest at a few hundred percent return on equity.

Jasper

114 East 32nd Street, New York City 10016

Award-winning architect Ismael Leyva designed this 21-story boutique residential property in the pristine Murray Hill section of Manhattan with 80 luxury condominiums (5 of which are penthouses) and an array of exquisite amenity spaces. The renovated building will contain a pool, gym, and fully staffed lobby. Sensual touches, including fireplaces in the lobby and pool lounge area are complimented with exotic stone and wood finishes. The residential floor plans have a loft-like sensibility, featuring 12 foot ceilings. In 2007, construction began on the boutique residential property, the Jasper. The Harch Group had 60% of the units sold at $1,400 per square foot by mid-2008. With market conditions declining in New York City, the project stalled after 2 years of construction liens and litigation. In 2011, The Harch Group came to terms with an agreement with its original lender to settle all litigation and liens on the property for a repositioning of the asset moving forward.

1111 Pennsylvania Avenue

1111 Pennsylvania Ave., NW Washington, DC 20004

This 331,000 square foot property was acquired in a joint venture between The Harch Group and a syndicate of private real estate families for approximately $156 million. Its original business plan was for a long-term trophy portfolio hold. In 2011, the property was sold to INVESCO, the largest real estate holder in the United States, with returns of investment at over 39% annually from the date of acquisition.

514 W 24th Street

514 W 24th Street, West Chelsea

Acquired in 2014 in an off-market transaction, this occupied loft building along had additional development air rights and faces the renowned highline park in the hip West-Chelsea neighborhood. Harch Group’s value-add strategy of curing some minimal environmental work along with tenant buyouts, Harch sold its interest to a joined venture of boutique NYC developers.

The Estates at Ashby Hills

Beekman, NY

www.ashby-hills.com

Just 16 single family homes on generous one to six acre lots make up The Estates at Ashby Hills. Nestled in the softly rolling landscape of Southern Dutchess County in the picturesque town of Beekman and surrounded by acres of pristine horse land, Ashby Hills is a pastoral oasis. Homes with floor plans up to 3,000 square feet are constructed with the finest features and amenities including two story entrance foyers, beautiful fireplaces, custom wood cabinetry, and granite and tile finishes.

Northchester Woods

Beekman, NY

Northchester Woods is a private, wooded cul-de-sac community tucked into the natural countryside setting of the town of Beekman just minutes from Taconic State Parkway and many commuter routes. Twelve finely constructed beautifully appointed mansions for just under $1 million offer elegant entertainment and private spaces, including master suites with private sitting rooms, a library and covered porches as well as basements and walk out verandas. Floor plans range from 3,000 to over 4,000 square feet.

Presidential Ridge

Middletown, NY

www.presidentialridge.com

46 single family homes are located in the ideal country setting of Middletown in Orange County. Presidential Ridge is just 75 miles from New York City and only 20 minutes from Stewart International Airport. These distinctive homes are set on over one acre of land and offer elegant amenities such as fireplaces and generous front and rear decks. Floor plans range from approximately 2,500 to 3,500 square feet.

840 Bergen

840 Bergen Street, Brooklyn, NY 11217

In 2008, the 68 unit condo project broke ground when the existing market conditions became distressed. The Harch Group was integral in the acquisition of the debt from Capital One. Whereupon, The Harch Group repositioned the condominium project to a rental in the second quarter of 2011. With the final completion of the project in place, 840 Bergen is currently a desirable rental location in one of Brooklyn’s prime neighborhoods.