HFZ Capital Group

NYC real estate developer arrested in $86M+ fraud scheme

Photo courtesy of Nicole Franzen

February 8, 2024

NYC real estate developer arrested in $86M+ fraud scheme

The former executive of a luxury New York City development firm has been arrested for his connection to an $86 million fraud scheme. Nir Meir, the former managing director of HFZ Capital, was taken into custody on Monday along with other high-ranking industry officials, for stealing money from investors, subcontractors, and the city of New York, according to the indictment. Prosecutors claim Meir, who managed the firm's largest projects, specifically The XI (now One High Line), directed more than $253 million of the project's funding to LLCs controlled by HFZ despite being legally required to use the money for the development.
get the details

September 27, 2018

Bjarke Ingels-designed office tower in Nomad still on track

By Devin Gannon

While all has been quiet regarding HFZ Capital Group's office tower in Nomad since December, new documents from the Department of Buildings documents filed on Tuesday reveal the project is still on track. CityRealty uncovered a ZD-1 zoning diagram online with a site plan, section, and axonometric drawing that mirror renderings released last year. Designed by Bjarke Ingels Group, the tower will rise from a through-block property at 3-7 West 29th Street.
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Architecture And Design

Bjarke Ingels’ Nomad office tower reveals itself and nearly doubles in height

Rendering via BIG Architects

April 3, 2018

Bjarke Ingels’ Nomad office tower reveals itself and nearly doubles in height

By Devin Gannon

Despite switching architects from Moshe Safdie to Bjarke Ingels of BIG Architects in September, HFZ Capital Group is still on track with its office tower planned for 3 West 29th Street. New renderings obtained by YIMBY reveal a much taller building than filed in September, which called for 33 or 34 stories. The designs are showing a roughly 60-story tower, officially dubbed "29th and 5th," planned for the Nomad neighborhood, with a footprint of potentially 600,000 square feet.
Take a look

January 26, 2018

The Eleventh, Bjarke Ingels’ pair of twisting towers, takes shape along the High Line

By Devin Gannon

The Eleventh, a pair of slanted towers designed by Bjarke Ingels', officially went vertical in West Chelsea this week. Developed by HFZ Capital, the two-building complex at 76 Eleventh Avenue sits near the High Line between West 18th and 17th Streets. A space between the buildings at their base gives the illusion that the buildings are being pulled apart, and its ruled corners highlight the towers' movement. The project is expected to be completed sometime in 2019.
See it here

HFZ Capital Group taps Bjarke Ingels to design 33-floor office tower in NoMad

Photo of Bjarke Ingels via Wikimedia

September 29, 2017

HFZ Capital Group taps Bjarke Ingels to design 33-floor office tower in NoMad

By Devin Gannon

Adding to the sudden skyscraper boom in NoMad, HFZ Capital Group is moving forward with plans for a project at 3 West 29th Street. HFZ’s original idea for the redevelopment of the site, which once held the now-demolished 1898 Bancroft Building, included iconic architect Moshe Safdie designing a 64-floor, 830-foot tall condo. However, instead, a pre-filed building application from earlier this month calls for a 33-foot office tower designed by Bjarke Ingels of BIG Architects, as CityRealty learned.
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January 26, 2017

Bjarke Ingels’ ‘bold yet graceful’ High Line towers get new website and flashy signage

By Michelle Cohen

When HFZ Capital Group chairman Ziel Feldman needed a bold design for what will be Chelsea's largest development in more than a decade, he knew the very-visible, block-long site wanted nothing short of an architectural icon to house the future 950,000-square-foot mix of parking, retail and office space, a 137-room Six Senses Hotels Resorts Spa and 240 condominium apartments. So it should come as no surprise that Bjarke Ingels' BIG was chosen to design what would be the firm's second Hudson River-front tower (after Via 57 West). Straddling the High Line and offering sunset river views, the two towers penned by the Danish wunderkind sit atop a four-floor base at 76 Eleventh Avenue, rising to 28 and 38 floors, respectively. CityRealty now brings us a collection of new views and a concept development slideshow of the $1.9 billion project recently published by BIG on their website.
See new images from the slideshow and some scintillating site prep

December 10, 2016

VOTE for 6sqft’s 2016 Building of the Year!

By 6sqft

For new developments, 2015 was the year of reveals, but 2016 was all about watching these buildings reshape our city. Ahead we've narrowed a list of 12 news-making residential structures, each noted for their distinctive design, blockbuster prices, or their game-changing potential on the skyline or NYC neighborhoods. Which of these you think deserves 6sqft's title of 2016 Building of the Year? Have your say below. Polls for our third annual competition will be open up until 11:59 p.m., Sunday, December 11th*, and we will announce the winner on Tuesday, December 13th!
Learn more about each of the buildings in the running here

New Developments

October 6, 2016

New renderings and hotel details for Bjarke Ingels’ High Line towers, now dubbed ‘The Eleventh’

By Dana Schulz

In a press release announcing that HFZ Capital Group is bringing a 137-key luxury Six Senses hotel and spa to Bjarke Ingels' pair of travertine-and-bronze towers along the High Line, 6sqft has learned that the $1.9 billion project at 76 Eleventh Avenue will officially be known as The Eleventh. The hotel announcement --which is interesting because in December 2015, the original plans for a hotel were replaced with office space--also came with several new renderings of the 28- and 38-story buildings, which are distinguished by their twisting silhouettes, glowing crowns, and two amenity-filled podium bridges that connect them.
More new views and details ahead

December 21, 2015

More Details Revealed for Bjarke Ingels’ High Line Towers

By Dana Schulz

The latest project to come from starchitect-of-the-moment Bjarke Ingels is a set of towers that will rise along the High line at 76 11th Avenue. The renderings made waves a month ago when the angular, asymmetrical structures were revealed, and at this time it was also announced that the project would encompass a hotel, retail space, and around 300 luxury condos. But new plans filed by developer HFZ Capital Group, first uncovered by The Real Deal, show that the towers' four-story base will not include a hotel, but rather retail and office space, likely because "[commercial office space] vacancy rates in the [Meatpacking District] are notoriously low–around 2 percent–while prices are high."
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November 23, 2015

REVEALED: Bjarke Ingels’ Brand New High Line Towers

By Diane Pham

Back in February it was revealed that HFZ Capital Group was in talks to bring a “monumental” new structure to a lot at 76 11th Avenue in the Meatpacking District right along the High Line. And between shortlisted architects Rem Koolhaas and Bjarke Ingels, in April the developer decided to move forward with starchitect-of-the-moment Ingels for the high-profile project. Now Yimby has our first look at the design that may rise atop the coveted site: two very angular, asymmetric towers measuring 402 and 302 feet, with 800,000 square feet for a hotel, retail, amenities and about 300 luxury condos.
see more renderings here

HFZ Capital Group

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