Arthur Becker has been behind some of the biggest developers in the City including Kevin Maloney, Michael Stern and Robert Gladstone but currently, he is putting his name on a condominium project. As per the plan recorded recently within the office of Attorney General in New York State, the investor-turned-developer is strategizing for an eight-unit block at 465 Washington Street, Tribeca with an expected sellout of $52.5 million. At his art studio during an interview with The Real Deal, Becker said 465 Washington will become an “artisanal, boutique building” whereby the interiors will be designed by Paris Forino.
Becker bought 465 Washington as a primer when he started his profession as a homebuilder. Later, he operated the macadamia orchard within Hawaii before steadily shifting into finance and tech field. In an article on PerezHilton, he mentioned how he likes the section of Tribeca being the size he can manage. When finished, 465 Washington will compose of one penthouse duplex and seven simplex apartments with square feet of between 2,000 to 4,000. The costs will vary from $2,200 to $3,200 per square foot and units will range between $5 million to $14 million for the penthouse.
Becker purchased 465 Washington from Peter Moore, also an architect-turned-developer in 2012 at the cost of $6.1 million after Moore was confronted with a foreclosure suit of $4.7 following a loan default at VFC Partners. In line to increase the five-story building into 10, Becker purchased development rights from owners of the adjacent building at 471 Washington for amount not recorded. According to Real Capital Analytics; a research company, to date, Becker has invested to New York City projects worth $550 million.
According to Wikipedia, Becker studied a combination of courses in ceramics and photography at Bennington College before later going to Amos Tuck (Dartmouth) business school. At Amos Tuck, he also worked as the CEO of two technology organizations where he additionally managed the shifting of 18th century American houses within New England. In 1990, Becker resumed his photographic task with the aim of introducing visual artifact that is common to painting and creating photographic images with texture. His recent works concentrate on finance, technology and real estate.