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Condo Comeback Kid Michael Shvo Nabs Next Target for $180M

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That resurrected developer with a pun-tastic name, Michael Shvo, wants everyone to know he's staging an epic comeback. After buying up a gas station on Tenth Avenue (cost: $23.5M; it'll be condos) and an eight-parcel site on Varick Street (cost: $130M, it'll probably be condos), Shvo has moseyed onto the next deal. The Post reports he's shelled out about $180 million for the vacant lot development site at Thames and Greenwich streets. Previous owners Fisher Brothers and Steven Witkoff were slated to erect a slender, glassy Rafael Vinoly-designed tower full o' rental apartments at 22 Thames Street that, at 957 feet, would have been the tallest residential building downtown. Shvo, however, will probably build luxury condos on the old American Stock Exchange site instead, because that's obviously his bag and, of course that's where the money is. Plus, the sky is literally the limit because there are no height restrictions in the area. But will he keep Vinoly signed on as the architect? Here we Shvo!

· Michael Shvo to buy site at 22 Thames [NYP]
· 22 Thames May Become Downtown's Tallest Residential Tower [Curbed]
· Mapping FiDi's 17 Upcoming Residential Buildings [Curbed]
· All 22 Thames Street coverage [Curbed]