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19 Dutch Street Update 10/06/22

19 Dutch Street Deal Closes for $487.5M

A 63-story skyscraper, located at 19 Dutch Street in Manhattan's Financial District has officially sold for $487.5 million. The tower was purchased by Pontegadea Group from the developer and previous owner, Carmel Partners, in a deal brokered by Cushman & Wakefield. Pontegadea Group is a real estate investment firm owned by Amancio Ortega, the founder of the multi-national fashion retail chain, Zara.

The building was finished in 2019 and contains rental apartments. There is also square feet of retail space, located on the lower floors.

Designed by GKV Architects, with SLCE serving as the architect of record, 19 Dutch Street stands feet tall and totals square feet. It sits just 4-blocks from the World Trade Center.

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