Scott Barone

How ballsy Scott Barone is gonna keep on tickin in NYC

After nine years of steady, if unexciting work as a general contractor, Scott Barone’s big break was supposed to come in 2008 when his firm landed a ground-up residential project in Tribeca. But that job never got on its feet. Months after Ponte Equities filed permits for the 11-story condo as 231 Hudson Street, Lehman Brothers went belly up and the bottoms fell out of the banking industry, real estate market and economy, at large. “I’d just gotten married, my wife was pregnant at the time, we were in the middle of building a white whale of a house and I had a warehouse in Queens t...

Former Angel Guardian Home complex in Dyker Heights, Brooklyn/ Image provided by Barone Management

Barone Acquires $37.5 Million Former Angel Guardian Home

The developer purchased the 140,000 square-foot former orphanage property with plans to build market-rate, affordable and senior housing and educational facilities. NEW YORK CITY—Barone Management, a development, construction and investment company based in New York City, purchased the former Angel Guardian Home for Little Children from the Sisters of Mercy for $37.5 million. The roughly three-and-a-half acre lot is bound by 63rd and 64th streets and 12th and 13th avenues, in the southwest Brooklyn neighborhood Dyker Heights, which is located between Bay Ridge and Bensonhurt. Scott Baron...

Barone closes on $37M Dyker Heights buy

Developer plans 300K sf mixed-use project Scott Barone’s Barone Management closed on the $37.5 million acquisition of the former Angel Guardian home in Dyker Heights from the Sisters of Mercy, the company said Thursday. Barone plans to build a 300,000-square-foot mixed-use project at 6301 12th Avenue including 150 market-rate condos along with affordable rental units, senior housing and a school. Construction is set to start in 2019. According to Barone, the sale includes a deed restriction requiring 15 percent of residential units to be affordable. 60,000 square feet will be set as...

Barone’s CR7 by Pestana Tops Out in Times Square West

Barone Management has topped out on its eighth New York City hotel development, the CR7 by Pestana Hotel at 338 W. 39th St. The 177-key property will be Portugal-based Pestana Hotel Group’s second in this country and will serve as its U.S. flagship. The CR7 by Pestana lifestyle hotel brand is a partnership between Pestana and soccer star Cristiano Ronaldo. Barone Management founder Scott Barone said the 78,069-square-foot Times Square West location offers Pestana “the ideal location to launch its unique product.” 338 W. 39th joins a Barone roster of local developments that also include...

What’s New With New-Builds?

NATIONAL REPORT—There are shovels in the ground for a slate of new-build projects in the U.S. CR7 by Pestana Hotel tops out; a new dual-brand has broke ground in Orlando, FL; Thompson Hotels returns to Miami; and more. CR7 by Pestana Hotel Tops Out Barone Management, a New York-based development, construction and investment company, has topped out of its eighth New York City hotel development. The firm is the developer and ground lessor of the property located at 338 West 39th St. in Times Square West where Barone is building a CR7 by Pestana Hotel for Portuguese-based Pestana Group. This ...

Choosing the Road Less Traveled In Long Island City

Barone Management is developing a 100,000-square foot office and industrial-flex space building, in Long Island City, NY. Multifamily and hospitality development has soared over the last decade in Long Island City,  the slice of Queens hugging the East River's eastern shore. One- and two-story warehouses had long squatted along the city's industrial byways, but steel-and-glass high-rises have supplanted those aging industrial edifices in a wholesale upending of Long Island City's traditional character. It seems everything in Long Island City has been purpose-built, designed and constructed...

BARONE MANAGEMENT TOPS OUT PESTANA HOTEL AT 338 W. 39TH STREET

Ceremony Marks Company’s Eighth Successful Hotel Development in NYC in as Many Years Barone Management, a New York-based development, construction and investment company, announced today the topping out of its eighth New York City hotel development. The firm is the developer and ground lessor of the property located at 338 West 39th St. in Times Square West where Barone is building a 177-room CR7 by Pestana Hotel for Portuguese-based Pestana Group. This site will be the second of many hotels planned in the United States and will serve as the hotel group’s US flagship. The announcement wa...

BARONE MANAGEMENT ACQUIRES TWO SITES – INCLUDING DOMINICAN COMMERCIAL HIGH SCHOOL BUILDING – IN HEART OF JAMAICA, QUEENS

Plans Include Redevelopment of School Building and 225,000 SF of Residential Space Across Two New Buildings Barone Management, a New York-based development, construction and investment company, announced it acquired two parcels of land – 295,000 buildable square feet at 89-25 161st St. and 89-25 162nd St. – in Jamaica, Queens from the Sisters of St. Dominic. Upon completion in 2021, the two sites will include an educational institution – a tribute to the important work of the Sisters of St. Dominic -- and two new residential buildings. The announcement was made by Scott Barone, presiden...

Barone Invests in School and Multifamily Development in Jamaica, Queens

Barone Management has acquired two parcel of land, 295,000 buildable square feet at 89-25 161st St. and 89-25 162nd St, with two buildings and a parking lot, in Jamaica, Queens. The Manhattan-based development, construction and investment company paid $20 million in cash to the sellers, the Sisters of St. Dominic. The real estate firm plans to redevelop the school facility and build ground-up two residential buildings. Scott Barone, president of Barone Management, does not refer to development trends in Jamaica as “gentrification.” But he tells GlobeSt.com, “Overwhelmingly, the growth...

Angel Guardian developer reveals plans for beloved Dyker Heights property

The Sisters of Mercy have finally lifted the vow of silence. The confidentiality agreement that blocked the mystery buyer of the Angel Guardian Home in Dyker Heights from revealing his intentions for the block-sized complex finally loosened enough for him to speak about his plans for the site, and how the community’s voice helped shape them. Developer Scott Barone credited Brooklyn Paper sister the Bay Ridge Courier’s extensive coverage of local needs and concerns since the property’s sale last year as what informed his decisions to include a senior center, affordable housing, seni...

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