(43 Total References)
"I only consider that a area ...
"I only consider that a area has gotten too profitable and rents have only changed adult so most that it's a formidable area to only simply be there to sell your product," Lou Ceruzzi of Ceruzzi Properties, told a newspaper.
Ceruzzi and SMI USA purchased ...
Ceruzzi and SMI USA purchased the 300,000-square-foot site, located at the corner of West 43rd Street and Fifth Avenue, from Joseph Sitt's Thor Equitiesfor $325 million, as Commercial Observer previously reported.
Ceruzzi Principal Louis Ceruzzi told The Real Deal that plans for the property include three levels of retail at the base topped off by 180,000 square feet of luxury condos with a total projected sellout of $1 billion or more.
The completed property will also likely contain a hotel with 150 to 180 rooms, he
"Given my long history and relationship with J.P. Morgan
and 520 Fifth Avenue's unrivaled development potential, we are delighted to have found a pre-development financing solution that allows us to set in motion a development project that will positively change the landscape of Fifth Avenue for generations," Mr. Ceruzzi
said in prepared remarks in the release from HFF.
147 East 86th Street and Lou ...
147 East 86th Street and Lou Ceruzzi of Ceruzzi Properties
Fifty new luxury condominiums are set to rise on the northeast corner of East 86th Street and Lexington Avenue as a part of 230,000-square-foot mixed-use building.
The $340 million, HOK-designed development will also have 30,000 square feet of retail space, developer Lou Ceruzzi of Ceruzzi Properties, told the Commercial Observer.
Tags: Ceruzzi Properties
, Lou Ceruzzi
, upper east side
Friends Of Wissatinnewag Inc. -- Developer Ceruzzi Holdings, LLC Commissions Study on French King Highway; Friends of Wissatinnewag Asks Your Help In Defending the 10 Acres.
This is the most recent study commissioned for this parcel, and it suggests that Ceruzzi is the developer interested in building a big box store and a corresponding giant parking lot on the property.
Please contact President Louis Ceruzzi at the address below and let him know that you want the 10 acres protected from development.
Louis L. Ceruzzi, Jr., President
Ceruzzi Holdings, LLC
1720 Post Road
Fairfield, CT 06824
Greenfieldoptimist.com - North Adams, MA. Developer Announces Another Wal-Mart Superstore Plan
Louis J. Ceruzzi likes making money selling land for Wal-Mart supercenters.
or more than three years, the developer from Connecticut has been trying to win approval for a 160,000 s.f. big box store in Greenfield, Massachusetts that he refuses to identify.
Opponents of the Greenfield project have said since the beginning that the big box store is Wal-Mart, but Ceruzzi Properties of Fairfield, Connecticut insists that a tenant for the project is still not selected since he began marketing the project in 2007.
This is the second time around for Wal-Mart
In 1993 the giant retailer lost a well-publicized battle in this community of 17,000 people when voters overturned a vote of their city council to change industrial zoning to commercial.
The original parcel reverted back to industrial, but was later sold by the Mackin Construction company
to a Native American group.
The same landowner, Mackin Construction
, now has a buy/sell agreement with Ceruzzi
for land just across Route 2A corridor from the original disputed site.
Only this time around, Wal-Mart
is leaving no fingerprints.
The world's largest retailer is trying to hide behind the developer, but the company is finding that there's nowhere to hide.
This week, the same development company, owned by Louis Ceruzzi
, submitted plans for a 160,000 s.f. Wal-Mart supercenter 25 miles west along Route 2 in the town of North Adams in Berkshire County.
In another parallel, the site in North Adams is located in an old gravel pit---just like the Mackin gravel pit in Greenfield.
Like the Greenfield site, which abuts the White Ash Swamp, the North Adams parcel abuts nearly 13 acres of wetlands.
There already is a 97,000 s.f. Wal-Mart discount store in North Adams, which will be closed down and sold by Wal-Mart realty.
The existing store is located on Curran Highway, the same road on which the larger supercenter would be located.
North Adams is located 15 miles from an existing Wal-Mart store in Bennington, Vermont, which the company also is trying to expand, and 17 miles from another Wal-Mart discount store in Pittsfield, Massachusetts.
The Bennington, Vt. Banner newspaper describes Ceruzzi
as "one of the largest developers of malls and retail stores in the country.
Ceruzzi, chief executive of Ceruzzi Properties, a Connecticut real-estate developer, also is president of Starwood Ceruzzi, a real-estate holding company affiliated with Starwood Capital Group.
Founded in 1998, Ceruzzi Properties
rapidly became a leading developer of "big-box" retail "power centers" throughout the northeastern United States.
Mayor Barrett has some history with Mr. Ceruzzi.
has invested nearly $5.4 million for its two Curran Highway projects-the Wal-Mart and the Lowe's sites.
bought an 8 acre gravel bank from the city two years ago, and bought another 50 acres abutting the gravel pit.
You should require Ceruzzi
to put up a demolition bond to pay for the razing of the existing Wal-Mart if it sits empty for longer than 12 months.