In the past, Arthur Becker preferred to a quiet investor in high-end residential property developments around the city of New York. He has over $550 million invested in different properties and preferred to be in the background on projects as the Managing Member of his real estate development firm Atlantic Investors, LLC. With his latest property, however, he has decided to come out of the shadows and be a prominent voice for the building.
According to perezhilton.com, his latest property is on Washington Street in a coveted part of Tribeca. The building, once completed, will feature eight units with one of them being a duplex twice the size of the other units. The single units are expected to sell for about $5 million each while the penthouse is expected to fetch $14 million. There will be luxury finishes throughout the property and Arthur Becker has partnered with the acclaimed designer Paris Forino to design the interiors.
While the luxury property segment of New York has languished recently, Arthur Becker said that he shouldn’t have too much trouble selling the units in his building. He said that for one it won’t be completed for two years, giving plenty of time for that segment of the real estate segment to recover. Additionally, he said he’s just selling eight units and not 50 which is a much more manageable number than other luxury developments around the city.
Arthur Becker is a tech mogul who made his money at two technology firms. He was the Chief Executive Officer and a Board Member of the technology company NaviSite. NaviSite provided cloud-based services and other technology to corporations around the world before it was acquired in 2010. Arthur was also the CEO and Chairman of Zinio LLC which is well known as the largest provider of the digital versions of magazines in the world.
Another side of people that most people don’t know is that Arthur Becker is an accomplished artist, http://arthurbeckerstudio.com/biography/. He has had his work put on display in both Florida and New York City. He had graduated with a degree in the arts from Bennington College in 1972.