234:
Jeffries came up with a novel way of financing the project by developing a mixed-used, urban entertainment, retail, office, and residential complex and pre-selling different segment of the building to various owners, both individuals and corporations. The use of the building would also be differentiated by having two separate entrances for commercial and residential uses.
233:
offered them a $ 13 million reduction in the $ 105 million purchase price for the land. Eager to keep the deal alive, Jeffries came up with $ 1 million of his own money to secure the agreement. However, further challenges lies ahead in securing the remaining $ 81 million in a credit-scarce market.
454:. The couple had been active in organizations promoting research in Alzheimer's disease. They married in 1989 and their reception attracted a high-profile crowd include UN Secretary General
217:
and were given the right to proceed with their transaction from the company. Jeffries and Aarons, joined by Philip Lovett, started their own real estate firm, Millennium
Partners, in 1990.
175:, law firm of Keywell & Rosenfeld. He then served as a principal in the leveraged buyout of Key International Inc., a metal recycling and automotive equipment manufacturing business.
127:
is an
American real estate developer, lawyer, and philanthropist who co-founded the national real estate firm Millennium Partners, known for the development of the Millennium Towers in
183:
Jeffries met Philip Aarons, who was chairing the New York City Public
Development Corporation at that time and the two worked on housing developments in Staten Island. The two joined
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280:
described the 'immense structure' as 'grossly over-scaled' and objected to the 'exceptionally busy' mix of uses. Those protests later helped set new zoning laws in the district.
336:
to replicate similar real estate projects that combine condominiums and hotels in mixed-used complexes in other cities, totaling $ 2 billion in investment. Among the cities is
202:
between Sixty-Eighth and Sixty-Ninth
Streets. However, it was also a time of recession and it was difficult to get financing for almost any construction. A syndicate led by
1424:
419:
is $ 40 million, including $ 5 million for a new campus building renamed
Jeffries Hall in his honor, and $ 2.5 million for the law school's 1L Summer Funding Program.
387:, which he developed into The Ritz-Carlton New York, Central Park, as well as condominiums and led to a turnaround of its status, attracting prominent tenants such as
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and Martin J. Raynes fell apart because they were unable to secure funding, and the latter was driven to bankruptcy in 1991 after the real estate downturn.
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942:"Millennium Partners Celebrates Construction Commencement of $ 630 Million Millennium Tower Boston Development, Marking New Era for Downtown Crossing"
999:
967:
767:
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430:, which is the largest single donation in the system's 105-year history. The money will be used to help advance cancer research and treatment.
803:
642:
403:. Jeffries' condo in the building, purchased in 2002, was the highest-priced in the New York real estate market when it was sold in 2012.
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and ran its real estate division. Throughout the 1980s, he and Aarons constructed subsidized low-income housing in
743:"Here's One Developer Who (Maybe) Knows When to Quit REAL ESTATE: MILLENNIUM'S COMPLEX EDIFICES - April 12, 1999"
353:
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372:, which was the tallest building in the city from 2003 to 2017. In Washington, DC, he helped the development of
439:
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303:, earned over a quarter billion dollars and inspired other real estate developers to follow suit. According to
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1182:"The Broker Who Sold Sandy Weill's $ 88 Million Penthouse Is Now Selling New York's New Most Expensive Condo"
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1025:"Millennium Partners Closes On $ 215 Million Construction Financing for Four Seasons Hotel and Tower M"
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In April 1990, the
American Broadcasting Company decided to sell two full blocks on the East Side of
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50:
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House of outrageous fortune : Fifteen
Central Park West, the world's most powerful address
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500:. New York City: Columbia College, Office of Alumni Affairs and Development. 1989. p. 59.
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517:"Lisa and Christopher Jeffries, '74, Commit $ 33 million to Michigan Law for Student Support"
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1281:"N.Y. Real Estate Mogul Gives $ 25 Million to Henry Ford Health System (Gifts Roundup)"
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415:, which is the largest donation the school has received. His total contribution to
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1206:"Couple's $ 33M gift the largest in history of University of Michigan Law School"
287:
was, nevertheless, a commercial success that attracted celebrity tenants such as
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1256:"Henry Ford Receives $ 25 Million Gift, Largest Single Donation in its History"
495:
1232:"Regents approve building renovations, rename South Hall after $ 33M donation"
813:
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Outside his business career, he is most known for being the former husband of
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265:. Their initial success has allowed them to develop two other buildings in
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thought the deal was infeasible. As a result, Jeffries and Aarons departed
250:
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Jeffries then stepped in to take over the project, but his superiors at
968:"COMMERCIAL REAL ESTATE; What's in a Name? For Ritz-Carlton, About 25%"
427:
793:
344:, controversial for its sinking foundations and tilting problems, and
632:
365:
1000:"Millennium Partners Completes $ 122 Mln Buy of Ritz-Carlton Boston"
411:
In 2018, Jeffries and his wife, Lisa, committed $ 33 million to the
276:
brought controversies over its density, height, and design, that
238:
828:"Millennium Partners Garners Hospitality Industry Deal of Year"
910:"Luxury Chain Cuts the Flowers, Sends Out Wash at Some Hotels"
540:
1124:"50 Central Park South at The Ritz-Carlton, Building Review"
1149:"Bounteous Closet Space and Park Views for $ 77.5 Million"
1357:"Princess Yasmin Aga Khan Wed to Christopher Jeffries"
317:
later used
Jeffries' pioneering formula in developing
171:
degree, Jeffries began his career as a lawyer in the
478:. The couple divorced in 1993, citing abandonment.
78:
70:
62:
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38:
28:
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368:. In Miami, he spearheaded the development of the
269:, One Lincoln Square and the Grand Millennium.
237:By 1991, he secured financial commitments from
422:In March 2020, he donated $ 25 million to the
1308:"Gala reception for Princess Yasmin Aga Khan"
579:"West Side Story: Three Partners And an Idea"
8:
1435:Private equity and venture capital investors
1389:"JUDGE GRANTS DIVORCE TO PRINCESS AGA KHAN"
885:"San Francisco's leaning tower of lawsuits"
798:. Magnum Publishing LLC. pp. 153–158.
853:"Millennium Partners Raises $ 300 Million"
18:
1425:University of Michigan Law School alumni
383:Through Millenium Partners, he owns the
348:. In addition to the under construction
313:, the children of real estate developer
487:
1430:American businesspeople in real estate
795:Hotel design, planning and development
1302:
1300:
1049:"Miami's 10 Tallest Office Buildings"
626:
321:as their family was investors in the
7:
1097:Deane, Daniela (December 21, 2003).
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1099:"Reluctance for Ritz in Georgetown"
851:Halbfinger, David M. (1997-06-03).
716:"Millennium Tower, Building Review"
1420:Columbia College (New York) alumni
1279:Di Mento, Maria (March 16, 2020).
1072:Haggerty, Maryann (June 5, 1998).
766:Frey, Jennifer (August 24, 1999).
374:The Ritz-Carlton, Washington, D.C.
14:
413:University of Michigan Law School
346:Four Seasons Hotel, San Francisco
157:University of Michigan Law School
74:Co-founder of Millennium Partners
56:University of Michigan Law School
1074:"RITZ-CARLTON TO RETURN TO D.C."
631:Gross, Michael (10 March 2015).
577:Rothstein, Mervyn (1995-12-03).
139:as well as the redevelopment of
106:
966:Dunlap, David W. (2002-04-10).
692:"Christopher and Lisa Jeffries"
334:Four Seasons Hotels and Resorts
241:(whose space later was sold to
102:
330:The Ritz-Carlton Hotel Company
328:Jeffries later partnered with
225:Millennium won the backing of
16:American real estate developer
1:
1147:Toy, Vivian S. (2012-03-08).
231:American Broadcasting Company
378:The Ritz-Carlton, Georgetown
255:United States Postal Service
125:Christopher Michael Jeffries
33:Christopher Michael Jeffries
908:Hudson, Kris (2010-06-01).
668:"The Man Who Ate Hollywood"
310:House of Outrageous Fortune
1461:
442:, the daughter of actress
832:www.hotelnewsresource.com
360:, and owned the historic
340:, where he developed the
267:Lincoln Square, Manhattan
1440:American philanthropists
440:Princess Yasmin Aga Khan
424:Henry Ford Health System
370:Four Seasons Hotel Miami
352:, he has helped develop
151:Jeffries graduated from
456:Javier Pérez de Cuéllar
23:Christopher M. Jeffries
497:Columbia College Today
417:University of Michigan
204:William Zeckendorf Jr.
261:as future tenants of
259:J.P. Morgan & Co.
66:Real estate developer
1285:www.philanthropy.com
946:www.businesswire.com
637:. pp. 100–101.
319:15 Central Park West
272:The announcement of
173:Southfield, Michigan
167:After receiving his
105: 1989;
1103:The Washington Post
1053:www.cpexecutive.com
914:Wall Street Journal
772:The Washington Post
747:archive.fortune.com
696:Inside Philanthropy
545:Millennium Partners
221:Millennium Partners
51:Columbia University
1361:The New York Times
1337:chicagotribune.com
1236:The Michigan Daily
1153:The New York Times
1128:www.cityrealty.com
972:The New York Times
857:The New York Times
792:Baker. H. (2017).
768:"Striking It Ritz"
720:www.cityrealty.com
583:The New York Times
389:Jean-Marie Messier
315:William Zeckendorf
1331:Kilian, Michael.
1260:www.henryford.com
1180:Zeveloff, Julie.
805:978-1-68250-339-3
644:978-1-4516-6620-5
521:www.law.umich.edu
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385:Hotel St. Moritz
358:Millennium Place
354:Millennium Tower
342:Millennium Tower
323:Millennium Tower
285:Millennium Tower
274:Millennium Tower
263:Millennium Tower
215:General Atlantic
211:General Atlantic
185:General Atlantic
179:General Atlantic
153:Columbia College
141:Hotel St. Moritz
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1077:Washington Post
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448:Prince Aly Khan
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350:Winthrop Center
223:
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109: 1993)
100:
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90:Yasmin Aga Khan
54:
47:Alma mater
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1363:. 1989-02-05.
1348:
1333:"MARRY-MAKERS"
1323:
1296:
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1247:
1230:Harmon, Matt.
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468:Jerzy Kosiński
464:Larry Pressler
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401:Mitchell Rales
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472:Ahmet Ertegun
470:, songwriter
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444:Rita Hayworth
441:
434:Personal life
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397:Larry Ellison
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393:Sidney Kimmel
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338:San Francisco
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305:Michael Gross
302:
301:Regis Philbin
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257:, as well as
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243:Loews Theater
240:
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227:Goldman Sachs
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137:San Francisco
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115:Lisa Jeffries
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1397:. Retrieved
1395:. 1993-12-11
1393:Deseret News
1392:
1383:
1372:. Retrieved
1360:
1351:
1340:. Retrieved
1336:
1326:
1315:. Retrieved
1311:
1288:. Retrieved
1284:
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1263:. Retrieved
1259:
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1239:. Retrieved
1235:
1225:
1214:. Retrieved
1212:. 2018-12-07
1209:
1200:
1189:. Retrieved
1185:
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1164:. Retrieved
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1131:. Retrieved
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1106:. Retrieved
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1080:. Retrieved
1076:
1067:
1056:. Retrieved
1052:
1043:
1032:. Retrieved
1029:Hotel-Online
1028:
1018:
1007:. Retrieved
1003:
994:
983:. Retrieved
971:
961:
950:. Retrieved
948:. 2013-09-17
945:
936:
925:. Retrieved
913:
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892:. Retrieved
888:
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868:. Retrieved
856:
846:
835:. Retrieved
831:
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787:
775:. Retrieved
771:
761:
750:. Retrieved
746:
723:. Retrieved
719:
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699:. Retrieved
695:
686:
675:. Retrieved
671:
666:Seal, Mark.
661:
633:
594:. Retrieved
582:
548:. Retrieved
544:
535:
524:. Retrieved
520:
496:
490:
476:Donald Trump
452:Aga Khan III
437:
421:
410:
407:Philanthropy
382:
362:Ritz-Carlton
327:
308:
307:, author of
297:Jon Bon Jovi
289:Howard Stern
282:
278:Brendan Gill
271:
236:
224:
208:
197:
182:
166:
155:in 1972 and
150:
124:
123:
672:Vanity Fair
458:, Senators
376:as well as
293:Liam Neeson
39:Nationality
1414:Categories
1399:2020-05-31
1374:2020-05-30
1342:2020-05-31
1317:2020-05-31
1290:2020-05-31
1265:2020-05-30
1241:2020-05-30
1216:2020-05-30
1191:2020-05-30
1166:2020-05-30
1133:2020-05-31
1058:2020-05-30
1034:2020-05-30
1009:2020-05-30
985:2020-05-30
952:2020-05-30
927:2020-05-30
894:2020-05-31
870:2020-05-30
837:2020-05-31
814:1001867444
752:2020-05-31
725:2020-05-31
701:2020-05-31
677:2020-05-31
596:2020-05-30
550:2020-05-30
526:2020-05-30
482:References
460:Chris Dodd
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