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Old Posted May 8, 2017, 9:21 PM
PeterQM PeterQM is offline
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Join Date: Oct 2014
Location: Brooklyn, NYC
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Interview: Ben Shaoul on His Rising Lower East Side Condo, 196 Orchard Street
May 4, 2017
In 1999, Ben Shaoul founded Magnum Real Estate Group with a business model that focused on renovating rundown rental apartments. Within the past five years, the New York City-based development firm has grown extensively, and now reigns as one of the city’s leading ground-up development companies. The firm's portfolio has now extended past its original (yet consistent) focus on small multi-family buildings to include multiple retail properties and condos, as well as a dormitory. Some major recent projects include 389 East 89th Street on the Upper East Side, 100 Avenue A in the East Village, and 100 Barclay in Tribeca.

Shaoul’s latest development rises at 196 Orchard Street in the Lower East Side. Situated at the corner of East Houston Street, adjacent to the famed Katz's Delicatessen, the building will ultimately top out at 11 stories tall and host 94 condominiums.

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