Fetner Properties Closes on Acquisition and JV Development of New York Mixed Use Building
Vinson & Elkins advised Fetner Properties in the joint venture acquisition with Peakhill Equity Partners of a three property assemblage at 266 West 96th Street, 268 West 96th Street, and 270 West 96 Street, which, upon completion of demolition and ground-up development, will contain a 23-story mixed use multifamily building.
This development will bring a total of 171 market-rate and affordable apartments to Manhattan’s Upper West Side, 83 of which will be micro units. The deal closed on December 20, 2021.
The V&E team was led by partner Wally Schwartz, counsel Christy Mazzola and senior associate Sarah Farhadian. Other key team members include senior associates Jason Robinson and Tyler Hokanson and associate Alice Choi; partners Paige Anderson and Chris Mangin; and partner Brian Bloom.
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