Witkoff, partners launch Ocean Terrace condo and hotel project with $200M in presales

Witkoff Group, and Alex Blavatnik and Sandor Scher’s Ocean Terrace Holdings launched sales of their planned North Beach condo and hotel development with more than $200 million in presales.  Witkoff, led by CEO Alex Witkoff, joined the Ocean Terrace project earlier this year, reviving the long-planned mixed-use development. The project, designed by Revuelta Architecture International with interiors by Robert A.M. Stern Architects, calls for a 52-unit condominium, 24 condo-hotel units, a 42-key luxury hotel in a historic building and a private members’ club, according to a press release. The project is planned for the site between 74th and 75th Streets along […]This article originally appeared on The Real Deal. Click here to read the full story.