Quantum Pacific Group recently partnered with Metro Loft Management to buy the office building 767 Third Avenue in Midtown East for $88 million, in order to convert it to residential apartments.
The memorandum of contract for 101 Greenwich Street closed on January 28, 2025, and was recorded on February 7, 2025. The property has 400,294 square feet of built space according to a PincusCo analysis of city data.
The contract seller bought the property on March 21, 2016, for $221 million. The signatory for BentallGreenOak and Multi-Employer Property Trust was Melanie Domres. The signatory for Quantum Pacific Group was Marco P. Caffuzzi, an attorney. The contract date was February 23, 2025. According to the Cove website: “The property was acquired fee simple by Cove and the Multi-Employer Property Trust (MEPT), managed by Bentall Kennedy and New Tower Trust Company in a marketed transaction in 2016 from CIM Group and Kushner Companies, owners of the building since 2013.