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Chetrits, Yadidis Planning District Apparel Skyscraper

100 West 37th Street with Ray Yadidi and Isaac Chetrit (Google Maps)

Five years after completing their assembly at West 37th Street and Sixth Avenue, the Chetrit and Yadidi family are continuing with plans to build a mixed-use skyscraper at the site.

Developers and regular partners plan to build a 69-story, 370,000-square-foot tower with 300 residential apartments, including 100 West 37th Street and 993 Sixth Avenue, according to a filing Friday. . Damir Sehic of C3D Architecture is on the list of record architects.

Isaac Chetrit and Ray Yadidi, who run family companies AB & Sons and Sioni Group respectively, are said to have planned the 80-storey tower on the Apparel County website after purchasing the last piece in the complex in 2016. But a year later, the couple has quietly shop for development packages, offering offers over $200 million.

Both families have remained active traders during the pandemic.

In June, AB & Sons sold 546 Broadway leased to Uniqlo after 40 years of ownership for between $160 and $200 million. Earlier this month, the Chetrit and Aini family secured $54 million in construction financing for their 28-story, 135,000-square-foot luxury residential project in Washington Heights.

In October, Sioni Group was in the process of selling 44 West 37th Street – a recently completed Midtown South office building – to 49 million dollars. Last year, Yadidis, along with Isaac and Eli Chetrit, sold an 18-story building at 15 47 West Street for 110 million dollars.

Neither Chetrit nor Sioni Group immediately responded to requests for comment.

https://therealdeal.com/2021/12/20/chetrit-yadidi-again-planning-garment-district-skyscraper/ Chetrits, Yadidis Planning District Apparel Skyscraper

Dais Johnston

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