Tech savvy mogul, Arthur Becker, has been the face behind some of Washington’s most successful real estate investors including Michael Stern, Robert Gladstone and Kevin Maloney, but recently he seems to have a change of heart with his latest projects where he wants to do it all himself.
The homebuilder turn investor turn developer is currently renting the airwaves because of the record-breaking $52.5 million eight-unit building he is setting up at 465 Washington Street in Tribeca.
Arthur Becker intimated to The Real Deal that Paris Forino will handle the designs for the boutique store. He also intimated that he bought the section around Tribeca as a primer since he deemed the size fit for his plans.
Once the building is through, it is estimated that it will have a one penthouse, ranging from 2,000 square feet to 4,000 square feet and seven simplex apartments. The prices for the establishments will have a price point ranging from $2,000 per square foot to $3,000 per square foot.
If you do your math really well, you will realize just how much of a gold mine 465 Washington is considering that Becker bought for only $6.1 million in 2012. If all goes well, completion of 465 Washington will by far be the biggest milestone in Arthur Becker’s life. Yes, he has numerous names that can back up his prudent investment acumen, but the fact that he is going at it alone this time, just comes to show his ability to wear different hats and do it well.
Becker’s professional Life
According to Wikipedia, Becker’s career started out in the construction industry as a homebuilder. He then shifted to Hawaii where he operated a macadamia orchard, before finally ending up in tech and finance. He has in the past been associated with big names such as NaviSite and Madison Technology Group LLC, but currently holds positions in Atlantic Investors and Zinio LLC.