Philips International, Believe Excellence In Hotel Development Calls For Important Relationships

As Philip, Seth, and Michael Pilevsky argue, when we conjure images of iconic American landmarks we call to mind things like the Statue of Liberty, the Grand Canyon, the Empire State building, and the Golden Gate Bridge. From coast to coast, many natural and artificial landmarks act as symbols of American prosperity, strength, and beauty. Even in dark times of American history, these landmarks have stood as representations of the American spirit and dream. It was during the Great Depression, in fact, that America built arguably its most prominent landmark building - the Empire State Building. The Empire State Building was built as a sign to the American people that despite hard times, the nation was still strong and still fighting for its future. Still among the tallest buildings in New York, it remains an eternal symbol of the New York City skyline. (For more on the fascinating history of this most iconic of New York's buildings, please see 'Philips International, Excellence In Hotel Development' on philips-international.com)

Recently, the owner of the Empire State Building, Malkin Holdings, announced that they were seeking to fold the building into a real estate investment trust (REIT), called the Empire State Realty Trust. Comprise of more than seventeen New York properties, the announcement of the Empire State Realty Trust created a massive uproar of excitement with New York’s real estate developers. In terms of business, the Empire State building offers not only a vast amount of office space, but also generates more than $85 million annually with over 3.6 million tourist visits to one of the buildings two observation decks. 

Tourism aside, the building still stands as an important potential revenue generator. The building’s tourism revenue may already be at its peak, but substantial revenue will come from the building’s office leases once renovations are complete on the building’s interior. Additionally, the building holds potential retail space. For developers such as Philip Pilevsky and his sons, Michael Pilevsky and Seth Pilevsky of Philip International, a real estate development and management firm, this opportunity is exciting for a number of reasons. It is a chance to be involved in the management of one of our country’s most iconic landmarks, in addition to it being a sound business decision. It also demonstrates the truth that for Philips International, the importance of relationships in real estate cannot be overestimated.

That is why Philip, Michael Pilevsky, and Seth Pilevsky partnered with Joseph Tabak in June of 2013 and announced a $2.1 billion offer for the iconic tower with plans hinging on the retail aspect of the tower’s retail and commercial space, including a hotel. The duo plans to develop a hotel in the 102-story building and convert the base into a destination retail hub with the financial backing of long-time investors. Despite this huge interest, Malkin Holdings decided against releasing the Empire State Building at the time. It could be up for grabs in the near future, but for the time being the iconic landmark remains unchanged in the New York cityscape.

Philips International, Reshaping New York One Building at a Time

New York City has become famous for it's skyscrapers and condensed architectural wonders. It rises out of Manhattan island like an urban jungle, with its vast concrete, glass and metal canopies. To see it is to marvel at how so many large amazing buildings can all be full, with purpose and function. However, in truth, many real estate developers will tell you that not all these wonderfully tall buildings are being utilized fully. In fact, there is potential to make New York even greater, by investing the right, time, money and business into making them fill their potential.

Find out about Philips International, Push for Boutique Hotels Catches Developers Eyes here. There are some real estate companies, such as Philips International who have become legendary for their wok in helping maximize the potential of space in some of New York's finest buildings. Founded by Philip Pilevsky over thirty years ago, the company have developed residential, commercial and private space across the country, taking some of the prime land spots in the nation. In New York, they have embarked on particularly impressive projects, and brought about the boutique hotel revolution in the mid-80s, which still thrives today.

One such example of their real estate might was the rejuvenation of the American Radiator Building. It has long been one of the cities most prized pieces of architecture, with its striking black stone (representing coal) and the cold plated tips (representing fire), which make this Gothic masterpiece stick out from the rest. When the company left the building some time ago, it was up to Philip Pilevsky and his company to help renovate the building and bring it back to its former glory. Today it is a luxury hotel, utilizing the great space of the building and making it more functional within the New York City landscape.

Furthermore, just round the corner lies the Empire State Building. One of the most impressive buildings ever constructed by man, today it is at the center of a bidding war with real estate investors, including Philip Pilevsky looking to make their claim to restore the once tallest building in the world to its former glory. To find out more about Philips International and their impact on New York, follow the link here to Philips International, What It Takes To Rebuild New York’s Neighborhoods.

Philips International, History, Politics, and Architecture

When we conjure images of iconic American landmarks, we call to mind things like the Statue of Liberty, the Grand Canyon, the Empire State building, and the Golden Gate Bridge. From coast to coast, many natural and artificial landmarks act as symbols of American prosperity, strength, and beauty. Even during the dark times of American history, these landmarks have stood as representations of the American spirit and dream. It was during the Great Depression, in fact, that America built arguably its most prominent landmark building - the Empire State Building. The Empire State Building was built as a sign to the American people that despite hard times, the nation was still strong and still fighting for its future. Still among the tallest buildings in New York, it remains an eternal fixture of the New York City skyline – a symbol, as Philips International recognizes, of history, politics and architecture.

Recently, the owner of the Empire State Building, Malkin Holdings, recently announced that they were seeking to fold the building into a real estate investment trust (REIT), called the Empire State Realty Trust. Comprise of more than seventeen New York properties, the announcement of the Empire State Realty Trust created a massive uproar of excitement with New York’s real estate developers. In terms of business, the Empire State building offers not only a vast amount of office space, but also generates more than $85 million annually with over 3.6 million tourist visits to one of the buildings two observation decks. 

Tourism aside, the building still stands as an important potential revenue generator. The building’s tourism revenue may already be at its peak, but substantial revenue will come from the building’s office leases once renovations are complete on the building’s interior. Additionally, the building holds potential retail space. For developers such as Philip Pilevsky of Philip International, a real estate development and management firm, this opportunity is exciting for a number of reasons. It is a chance to be involved in the management of one of our country’s most iconic landmarks, in addition to it being a sound business decision. And for Philips International, excellence in hotel development made the company a prime candidate to win the tender.

That is why Philip Pilevsky partnered with Joseph Tabak in June of 2013 and announced a $2.1 billion offer for the iconic tower with plans hinging on the retail aspect of the tower’s retail and commercial space, including a hotel. The duo plans to develop a hotel in the 102-story building and convert the base into a destination retail hub with the financial backing of long-time investors. Despite this huge interest, Malkin Holdings decided against releasing the Empire State Building at the time. It could be up for grabs in the near future, but for the time being the iconic landmark remains unchanged in the New York cityscape.

Philips International, Managing Sustainable and Visionary Property Development

When it comes to property development, there is more than just counting the dollar signs flooding into the account. With the managing of large residential and commercial properties, comes a certain responsibility, that many take for granted. These people, in charge of managing and helping develop landscapes are the architects who will define the future of the cities and towns in which they build. For this reason, it is important that they have some eye for aesthetics and show enough vision to be able to make sure the right developments take place on the right sites. Michael Pilevsky is a direct at the established real estate company Philips International, and takes pride in his role in helping created a pleasant built environment.

Find out more about the company and  their latest projects by visiting the link here Philips International, An Eye for Real Estate Investment. Michael Pilevsky is an expert in commercial real estate and Managing Director at Philips International. He enjoys helping his tenants find real estate solutions that will best facilitate their businesses, whilst respecting the area in which the properties will be built to make sure they fit in with the current environment.

One such example of one of the more established and reputable properties managed by Michael Pilevsky is The Corner 200 West, which offers more than 46,000 square feet of retail space in one of the most famous and fashionable areas of New York on 72nd and Broadway. As a member of the executive team, Michael Pilevsky has helped to realize the corporate philosophy of Philips International, which has been to carefully select and acquire prime holdings in some of the most desirable locations around the United States. For Philips International, the clients needs must be met, whilst at the same time ensuring they make a positive economical and visual impact on the site they acquire.

Many of the more high-profile properties owned by Philips International are located in New York, Connecticut, Delaware, New Jersey, New Hampshire, Texas, and Florida. Michael Pilevsky has helped many business owners purchase office condominiums in his career—an occupancy vehicle that affords independence from landlords to its users. Thanks in part to the expertise of Michael, Philips International has been able to grow into one of the largest privately owned property management and development firms in New York today, and with visionary projects on the horizon, looks set to raise its stake even more in the industry. Find  out more about the company here at Philips International, The Importance of Relationships in Real Estate Development.

Philips International, The Historic Buildings of New York

When we think of some of the most iconic buildings in the entire world, chances are that many of them are found in New York City. Some of New York’s most famous buildings are known around the world for their innovation and the symbolism they represent. The Statue of Liberty, for example, has been a symbol of welcome and freedom to those coming to the United States for the first time; the Empire State building towers as an example of American ambition and prosperity; the One World Trade Center is a symbol of American resilience and our constant strive to better ourselves and rebuild from our past. This motivation, the rebuilding of our past in order to benefit our future, is a particularly important concept when it comes to the builds of New York. Many of them are in serious need of repairs and revitalization, motivating developers like Philip Pilevsky to find new purposes for iconic buildings.

In a recent article about Philips International, “History, Politics, and Architecture”, Philip Pilevsky was described as “one of the most successful real estate developers of the modern age”. Part of his appeal as a developer is his insistence on protecting and preserving the cultural heritage and history of the cities he loves. He first got into real estate after graduating from Columbia University and moving to Florida. While in Florida, he started “flipping” properties, essentially buying underappreciated properties, fixing them up, and then reselling them at a higher price. This experience motivated him to move back to New York and take his real estate career to the next level.

After returning to New York, he took the concept of repurposing buildings and applied it to the boutique hotel industry. He became famous for his popularization of the boutique-style hotel. In contrast to typical chain hotels, a boutique hotel is one that has a smaller number of rooms and an atmosphere that is entirely unique. This provides guests with a feeling that they are having a one of a kind experience.

For Philips International, excellence in hotel development is found in the Bryant Park Hotel, a boutique hotel situation is midtown Manhattan. This hotel is a perfect example of the cultural preservation needed in New York City’s developments. The building was originally built in 1924 for the American Radiator Company and has a façade of black and gold bricks designed to represent the coal and fire of the American Radiator Company. Philip Pilevsky chose to keep the façade as it is and preserve it in the unique character of the Bryant Park Hotel.

Philips International, Helping New York City’s Skyline

New York City is famous for countless things, but one of the most important to the people, as well as the United States in general, is it's architecture. The New York Skyline is s architecture. The New York skyline is dotted with some of the most historic, not to mention beautiful, buildings in the world, including the Empire State Building, Wall Street, the Chrysler Building, and of course, the Statue of Liberty. Each of these buildings represents a unique part of American history and culture and adds to the city's overall charm and value. Unfortunately, many of these buildings are also incredibly old, with the vast majority of New York's most iconic buildings having been built in the 1930s after the Great Depression. Because of this, they show signs of wear and tear that are expected for any building that has gone through forty years of life in one of the world's most populated cities. Many developers, and the government itself, has realized the importance in preserving New York's unique buildings and are actively working to do so.

Philips International Holdings Corporation, one of the nation's largest real estate and property developers, has focused on designing their business around helping to preserve the cultural heritage and landmarks of New York City. In a recent article about Philips International, "History, Politics, and Architecture", Philip Pilevsky was described as "one of the most successful real estate developers of the modern age", largely because of this professional philosophy. After getting his start in real estate in Florida where he was flipping properties, he returned to New York City where he attended Columbia. He decided to take his experience in repurposing and renovating properties in Florida and put it towards helping with the development of New York City.

One of his greatest accomplishments came from his invention and popularization of the boutique hotel design concept. A boutique hotel differs from traditional chain hotels in two key ways, they are typically smaller and they have a noticeably unique atmosphere. This makes them an obvious choice for individuals who are visiting a city and want a memorable experience that they cannot get anywhere else. The industry for boutique hotels has been booming since the eighties and the unique character of New York City is perfect for them.

For Philips International, excellence in hotel development means repurposing famous New York Buildings. For example, the now popular Bryan Park Hotel was originally the American Radiator Building. Philip Pilevsky purchased this hotel, named because of its proximity to Bryant Park, in 1998. He chose to keep the building's unique black and gold bricking, a symbol of the coal and fire of the American Radiator Company, respectively.