Sheldon Solow famously kept occupancy low for decades at 9 W. 57th St., preferring exclusivity over cash flow at the office tower overlooking Central Park.
His son, Stefan Soloviev, took a different approach after inheriting the family business in 2020. He spent $53M renovating the building, pushed occupancy above 91% and is now poised to cash out in a major way.
Soloviev is set to pocket more than $500M through a refinancing of the Billionaires’ Row tower.