The Moinian Group Celebrates 40 years
Commercial Observer | Dec 27, 2022
Over the past 40 years, Joseph has become somewhat of an industry icon. Under his steadfast leadership, The Moinian Group has become one of the few national real estate entities to develop, own, and operate properties across every asset category, including office, hotel, retail, condominiums, and rental apartments. The Moinian Group is also among the first firms to identify and build upon emerging real estate market trends in New York City. Whether it be the firm’s ardent support of Lower Manhattan Midtown, or early property acquisitions on the Far West Side, Joseph has always recognized that the greatest potential lies in the transformation of underserved neighborhoods in the country’s greatest Metropolis.
The 17 Battery and Ocean complex, for example, a sprawling landmark which The Moinian Group acquired back in 1999, was one of the first residential-to-office conversions in Lower Manhattan. In the year 2000, The Moinian Group purchased the historic Newsweek building in Midtown, now known as 3 Columbus Circle, and has transformed it from an early 20th-century building into a modern steel-and-glass office space. More recently, the firm has developed Oskar, a 14-story boutique luxury rental building, as well as Sky, a soaring 69-story luxury rental building on the Far West Side, which offers the most rental units of any building in all five boroughs of New York City.
“The Hudson Arts Building will attract some of the best companies in the world. 'Quality of life’ used to be the mantra, and now it’s ‘quality of work,’” said Mitchell Moinian.