Views, Value and Modern Chic
Iconic views are what Parkview Developers is known for, and it is the focus of value for one of its prime real estate holdings, 230 Central Park South. Located just below Columbus Circle, this luxury pre-war building provides unobstructed views of Central Park and is unique in its status as the city’s only true “Condop.” What that means is that Parkview’s Founders and Managing Partners, Ian Reisner and Mati Weiderpass, (who have renovated and sold more than 30 of its residences and own more than 50 percent of the building), have utilized their native New Yorker know-how and innovation to offer residents and shareholders “more value for their view.” While residents retain all the independence of a condo they reap all the savings and amenities of a co-op.
Everything (including) the kitchen sink…When Parkview Developers take on a project, they truly Do It All
Parkview Developers is the Leonardo da Vinci of New York City real estate. Focusing most of their expertise and attention on the turn-of-the-century LGBTQ neighborhood, Hell’s Kitchen, the partners handle every aspect of the business, including brokerage, design, assemblage, retail management, construction, buying, selling, hospitality management and leasing. They are true entrepreneurs, in every sense of the word.
Projects, projects, projects…
It all began in the mid ‘90s, when they bought their first property, Watch World International, which they then built, owned and ran, and over the next five years expanded to a whopping 119 stores, which they then sold to SunglassHut International for an incredible profit.
They reinvested their earnings to buy and create The OUTNYC (now The Cachet Boutique Hotel NYC), a straight-friendly, gay resort complex that was entertainment ground zero, featuring a café, restaurant, art galleries, and a 200 ft.-long, sculptured main hallway that also functioned as an art gallery. Its nightclub, XL, grossed 8 ½ million dollars its first year and was 2012’s most successful club, worldwide.
Parkview Developers also built The 505, a Hell’s Kitchen condo complex with 108 residences, that required them to literally move mountains, as they carefully and strategically tore into NYC’s bedrock above and around an Amtrak train line, creating a luxurious, one-of-a-kind residential building.
They owned and operated the Carnegie Hotel, managed the land assemblage for new development at the 5th Avenue Hotel, combined, gutted and built numerous residential properties throughout NYC, and looked outside their usual midtown New York scope to the Fire Island Pines--buying, creating and renovating an extensive array of restaurants, shops and clubs on the island. This project was not just about a development deal, but was designed to be an OUTpost to their OUTNYC hotel, and a way to give back--providing a safe haven for the gay community outside of NYC.
Parkview Developers takes its entrepreneurship very seriously. Reisner and Weiderpass are continually seeking new projects they can build from the ground up or collaborate on with other investors, and find ways to channel all of their creative real estate energies. As Ian Reisner perfectly sums up their credo, “Where there’s a deal, there’s a way. And failure is not an option.”