Latest news with #Soloviev
New York Post
20-07-2025
- Business
- New York Post
Development black hole remains on West 57th Street
If West 57th Street between Sixth and Seventh avenues exemplifies Manhattan's regenerative energy, the block east between Fifth and Sixth avenues remains a black hole of development ambition. The 900-foot-long block — longer than three and a half midtown north-south blocks — looks gloomier every year as landowners hold out for magic-bullet combos of tenant commitments and construction financing. West of Bergdorf Goodman and the Crown Building stretches a procession of vacant lots, empty storefronts and scaffolding. At least four enormous sites await activity. Developers including Vornado, Lefrak, Soloviev, and at least one unknown outfit have kept their sites barren for years. There is a string of vacant lots, empty storefronts and scaffolding on West 57th Street west of Bergdorf Goodman and the Crown Building. New York Post At least four enormous sites await activity. New York Post The latest blows to the block were the closings of Brasserie 8 and a Half at Soloviev's 9 West and Rue 57 at the western corner. The opening soon of a small Abel Richard handbags boutique at 7 West is more than offset by large retail vacancies on either side of Nobu at 40 W. 57th and at the former locations of Mangia and other shops and cafes. Manhattan-based developer Sedesco, meanwhile, is demolishing a building to enlarge a site it's been assembling for more than 10 years between 37-47 W. 57th St. The supertall, mixed-use project is to be designed by 'starchitect' Rem Koolhaas' OMA studio. It will likely re-energize its surroundings. But no construction plans have yet been filed with the Department of Buildings.
Spectator
23-05-2025
- Politics
- Spectator
Putin orders new offensive
'You want a ceasefire? I want your death,' said Russia's chief propagandist Vladimir Soloviev during prime time television, the camera zooming in on his face. His message was aimed at both Ukrainians and Europeans urging the Kremlin to stop the war. Soloviev, alongside a chorus of other Kremlin loyalists and military experts, has lately been gloating about how Vladimir Putin weathered western pressure and secured Donald Trump on his side. There will be no peace, they say, until Ukraine capitulates to Russian demands. Putin, as if to prove the point, announced yesterday that he had ordered the military to begin creating a 'security buffer zone' along the Ukrainian border – which is not quite the peace process Trump has been calling for.
Yahoo
13-05-2025
- Business
- Yahoo
The Soloviev Group to Offer Shareholder Opportunity to New York City Residents for the Innovative Freedom Plaza Project
NEW YORK, May 13, 2025 /PRNewswire/ -- The Soloviev Group, in partnership with Mohegan, today announced an exciting forward-looking initiative that will offer eligible local residents a unique opportunity to become stakeholders in the proposed gaming facility at Freedom Plaza, a transformative civic and cultural destination that includes two world-class hotels, destination spa, a diverse mix of food and beverage venues, and meeting and entertainment facilities. As part of the competitive bidding process set to begin in June 2025 for one of up to three Downstate gaming licenses, this dynamic, mixed-use hub in Midtown Manhattan, aims to deliver a thriving center for affordable housing, job creation, open space, and community reinvestment along First Avenue between East 38th and East 41st streets. Sharing both its financial returns and positive future impact, up to 12% of any initial public equity raised for the proposed gaming facility will be designated for residents of New York City. Soloviev and Mohegan also intend to provide investment allocations to eligible New York state and city employee-related pension funds on a preferential basis relative to other institutional investors, ensuring broad community participation and benefit. If Soloviev and Mohegan are awarded a gaming license, the capital raise would begin no earlier than 2027. "Soloviev, in partnership with Mohegan, is committed to fostering prosperous long-term relationships with residents, community organizations, and businesses both locally and throughout New York," said Michael Hershman, Chief Executive Officer of the Soloviev Group. "Our visionary Freedom Plaza project exemplifies these goals, and we would be thrilled to offer a financial interest to these stakeholders." Empowering the local community through direct financial participation is a vital aspect of the Soloviev and Mohegan vision. If awarded a gaming license, Soloviev and Mohegan plan to develop a culturally robust experience with a substantial affordable housing complex, an inviting nearly five-acre waterfront park, world-class hospitality and dining, and integrated entertainment. The Freedom Plaza project will add thousands of union jobs, support local businesses, provide attractive residential opportunities, strengthen the community, and boost tourism. It will also play a key role in advancing the New York City workforce, driving meaningful economic development along the East River, and helping to transform the area for the betterment of all New Yorkers. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Soloviev GroupUnwavering in its commitment to environmental sustainability and social responsibility, the Soloviev Group brings four generations of successful development across community-focused verticals, including hospitality, residential and commercial development, agriculture, energy, logistics and philanthropy. The firm's most recent project, Freedom Plaza, will encompass more than six acres on Manhattan's East Side from 38th to 41st Street east of First Avenue and is committed to helping New York City thrive. The mixed-use development will feature 4.7 acres of publicly accessible green space; two world-class hotels by global resort leaders Mohegan and Banyan Tree Group, featuring the option of modern gaming for those 21-and-over; locally oriented retail and an array of shopping and dining options; a museum dedicated to democracy and community center; and two residential towers with housing that working people can afford. For more information, visit About MoheganMohegan is the owner, developer, and manager of premier entertainment resorts in the United States and Canada. Mohegan's U.S. operations include resorts in Connecticut and Pennsylvania and Canadian operations are based in Niagara Falls, Ontario. The brand's iGaming division, Mohegan Digital, provides cutting-edge online gaming solutions to Mohegan's loyal fan base and meets the digital needs of North American customers. Mohegan is owner and operator of Connecticut Sun, a professional basketball team in the WNBA. For more information on Mohegan and its properties, please visit View original content to download multimedia: SOURCE The Soloviev Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-03-2025
- Business
- Yahoo
Peek inside the plan for a gorgeous NYC park that would reshape the Midtown waterfront
This casino plan calls for all kinds of green. A massive public waterfront park – roughly the size of Bryant Park – may be coming to Midtown East if a developer gets its Mohegan-backed casino proposal OK'd later this year, The Post has learned. Freedom Plaza, a now-vacant 4.7-acre green space between First Avenue and the waterfront, would tout an outdoor amphitheater, river promenade, playground and even a museum should the state dole out one of three coveted downstate casino licenses to the project's developer Soloviev Group by Dec. 31. New renderings released Thursday by OJB Landscape Architecture reveal Soloviev's vision to transform the former Con Ed power plant site into an oasis with a 18,000-square-foot central lawn, 1.2 miles of pathways, scenic 'garden room' overlooks and a 700-foot East River Promenade east of First Avenue between 38th and 41st streets. The plan also calls for a 7,000-square-foot children's play area, 6,000-square-foot 'serene retreat' cascading water garden, community center, outdoor amphitheater and six food kiosks. The developer is set to finance the long-term maintenance, security and cultural programming of the public park, according to a press release. 'As fourth-generation residents and neighbors of this community, Soloviev understands the immense value that green spaces bring to urban life,' Soloviev Group CEO Michael Hershman said. 'Freedom Plaza is a commitment to creating an inspiring place where memories are made in this wonderful part of the city, with an accessible, and sustainable park for everyone to enjoy.' The waterfront site has found supporters in civic groups like the Manhattan East Community Association, with president Kevin O'Keefe describing the park plans as a 'forward-thinking approach that can provide the public with safe and inviting experiences from family-friendly lawn activities to connections with nature.' 'The open spaces in our unique, international neighborhood are essential to support sustainability and wellbeing, enhance quality of life, and enable our community to gather across generations and cultures,' Sherrill Kazan, president of the World Council of Peoples for the United Nations and public space advocate, said in a statement. The park is just one component of the proposed 6.3-acre Freedom Plaza casino project, which would also include dual residential towers with 1,325 units including rough 500 designated affordable; 'locally-oriented' retail and dining options; a daycare center; two hotel towers from Mohegan and Banyan Tree; and a Mohegan-operated casino offering 'modern gaming.' The pitched Museum of Freedom and Democracy, located blocks from the United Nations headquarters, would feature international artists and permanently display slabs from the Berlin Wall. A local steering committee will be created to help attract community groups to use the open spaces, the developer said. The project is up against more than a half dozen other massive casino plans in the Big Apple (and even more contenders in the suburbs), from a Coney Island casino to a Caesars Palace in Times Square to even a slots haven above the flagship Midtown Saks Fifth Avenue store – and next to New York City's most cherished Catholic church. Revenues from the gaming companies who are awarded the new casino licenses will help fund the Metropolitan Transportation Authority. Last year, Albany Law School Professor Bennett Liebman and John Sabini, former chairman of the state racing and wagering board, told The Post that the existing bidders — Resorts World New York Casino at Aqueduct in Queens and Empire City Casino in Yonkers — are the 'favorites' to win two of the licenses. 'I would say the 'racinos' are the favorites. They have a track record of being a partner with the state for a long time,' said Sabini, who was skeptical of any Manhattan pitch that survives the review process. And who is the 'favorite' contender for the assumed single license left on the table? 'The Sands proposal is probably the strongest proposal right now,' Sabini added. 'Long Island/Nassau-Suffolk is a pretty good market.' Additional reporting by Carl Campanile.
