Jonathan H. Canter
Total Page:16
File Type:pdf, Size:1020Kb
Jonathan H. Canter Partner New York T 212.715.7549 F 212.715.7649 [email protected] Jonathan H. Canter represents leading developers, lenders and investors in a range of real estate matters, with a particular focus on condominium, cooperative and shared-ownership projects. Jonathan advises on the planning, development, structuring and implementation of sophisticated ownership, operation and management regimes. He also advises on the legal, regulatory and business aspects of the registration, marketing and sale of luxury and mixed-use condominiums in public and nonpublic offerings. He brings his prior experience as a litigator to his real estate work, shaping transactions to help his clients avoid lawsuits and providing strategic counseling when disputes do occur. Described by Legal 500 US as “the lead on all things condo,” Jonathan represents a roster of New York’s most prominent real estate players in connection with some of the highest-profile developments in recent years. Jonathan played a key role as lead condominium counsel on the development of Hudson Yards by Related/Oxford – the 28-acre, $18 billion project in midtown Manhattan containing over 18 million square feet of commercial and residential space. Jonathan’s work on the project included creating a projectwide ownership association and management regime to govern all the individual development parcels on the site. He also implemented distinct condominium structures for each of the project’s individual buildings, including the iconic 30 Hudson Yards, a 2.6 million-square-foot tower which serves as Warner Media’s world headquarters, home to Wells Fargo and KKR, and includes an adjoining 1 million-square-foot condominium retail complex. His other work at the complex includes registering the offering of $3.3 billion of luxury condominium residences for sale and establishing condominium regimes for 15 Hudson Yards and 35 Hudson Yards, which also feature commercial condominium units for The Shed performing arts center, an Equinox-branded hotel, first-class retail space and fitness facilities, and affordable rental apartments. Separately, Jonathan serves as counsel to Vornado Realty Trust and Related in the $1.6 billion redevelopment of the James A. Farley Post Office Building into the new Moynihan Station across from New York’s Penn Station. His work on the project has included structuring and implementing a complex commercial condominium regime that facilitated the separate ownership or net lease by Attorney Advertising. ©2021 KRAMER LEVIN NAFTALIS & FRANKEL LLP Prior results do not guarantee a similar outcome. All Rights Reserved. each participant of its portion of the project, consisting of a new state-of-the-art train hall, a 255,000-square-foot hub for Amtrak and the Long Island Rail Road, a modified U.S. Post Office facility, 450,000 square feet of office space, and more than 135,000 square feet of retail. In the past several years, Jonathan has facilitated the registration for sale of over $30 billion of luxury condominium offerings in New York City, including, among many other marquee developments, 15 and 35 Hudson Yards; Central Park Tower; 432 Park Ave.; 11 Hoyt Street; One, Two and Three Waterline Square; 108 Leonard St.; 111 Murray Street; 70 Vestry Street; 56 Leonard Street; 30 Park Place Four Seasons Residences; One West End Avenue; and The Mark Hotel, and in prior years, Time Warner Center and the redevelopment of the iconic Plaza Hotel into luxury residences, for-sale hotel suites and world-class retail. Jonathan has been designated as a leading lawyer numerous times by Chambers USA, which quotes clients and peers as appreciating Jonathan’s knowledge and approach: “He offers mastery of subject matter and is accessible at all times. He is respectful, efficient and delightful to work with,” and “he can navigate difficult personalities and complex situations with great effect" (2021). Clients and other market participants have cited his “deep knowledge of the sector,” describing him as “instrumental and fantastic to work with” and “a consensus builder and team player” who "provides strategic vision as well as practical expert execution.” He has received numerous other honors, including recognition as Legal MVP in Real Estate by Law360 and as a leading real estate lawyer by Legal 500 US. The Commercial Observer recognized Jonathan for his work on the Moynihan Station and Hudson Yards projects in “Power of Attorneys: The Lawyers Who Shape Everything in the World of Real Estate” (2017), highlighting some of the most prominent real estate attorneys in New York City. Real Estate Forum featured his work for Hudson Yards in “Dealmakers: Deals of the Year 2015.” Experience James A. Farley Post Office Building/Moynihan Station (Vornado/Related) Hudson Yards (Related/Oxford) Central Park Tower, Nordstrom Building (Extell) 432 Park Ave. (CIM) 56 Leonard Street (Alexico/Goldman Sachs/Dune Capital) Waldorf Astoria (Anbang) 11 Hoyt Street, Brooklyn (Tishman Speyer) 70 Vestry (Related) 30 Park Place Four Seasons Private Residences New York Downtown (Silverstein Properties) KRAMER LEVIN NAFTALIS & FRANKEL LLP 2 The Carlton House, One Riverside Park and One Manhattan Square (Extell) 520 West 28th St. and One Madison Park (Related Companies) 77 Greenwich Street (Trinity Place Holdings) 33 East 74th St., The Whitney Museum Townhouses (Greenfield) The Chatsworth, 88 Lexington, 90 Lexington, The Astor and The Metro (HFZ Capital) 140 West St. (Magnum) 215 Chrystie St. (Witkoff /Ian Schrager) 400 Park Ave. South (Toll Brothers) Flushing Town Center (Onex Real Estate) One West End Avenue (El Ad/Silverstein Properties) The Beekman (GFI Capital) 150 Charles St. and 10 Madison Square West (The Witkoff Group) 234 East 23rd St., The Seymour and 206 West 77th St. (Naftali Group) Time Warner Center (Related/Apollo) Perspectives Publications Co-author, Five Considerations: Using Commercial PACE for Condominium Developments (June 21, 2021) Co-author, COVID-19 Legal Resource Guide, COVID-19 Relief Further Extended for Condo Developers (Oct. 05, 2020) Co-author, COVID-19 Legal Resource Guide, New Executive Order from Gov. Cuomo Extends and Expands COVID-19 Relief on Offering Plan, Condo Conversion and Mortgage Recording Tax Credit Deadlines (Aug. 06, 2020) Co-author, COVID-19 Legal Resource Guide, Welcome Relief to Sponsors and Imperiled Developments (April 16, 2020) Co-author, COVID-19 Legal Resource Guide, NYS Department of Law Modifies Submission Requirements for Condo and Co-op Offering Plans and Amendments (March 26, 2020) Co-author, Important Changes To NYS Transfer and Mansion Taxes (April 01, 2019) KRAMER LEVIN NAFTALIS & FRANKEL LLP 3 Co-author, New York’s High Court Holds That Three-Year Statute of Limitations Applies to Martin Act Claims, Trimming the State’s Securities Law (June 19, 2018) Speaking Engagements Speaker, New York State Bar Association’s Comm on Condos and Coops (RPLS) Meeting (Jan. 17, 2019) Speaker, New York State Bar Association’s Comm on Condos and Coops (RPLS) Meeting (Jan. 25, 2018) Recognition Chambers and Partners’ Chambers USA (2016, 2018 - 2021) Woodward White Inc.’s Best Lawyers in America (2013 – 2021) Thomson Reuters' New York Super Lawyers* (2007 – 2021) Legalease’s Legal 500 US (2009, 2012-2017) Martindale-Hubbell AV Preeminent Peer Review Rating Law360 Legal MVP in Real Estate (2012) Credentials Education J.D., New York University School of Law, 1990 Senior Staff Editor, New York University Law Review B.A., magna cum laude, Queens College of the City University of New York, 1987 Bar Admissions New York, 1991 Court Admissions U.S. Supreme Court U.S.D.C., Eastern District of New York U.S.D.C., Southern District of New York Professional Affiliations American College of Real Estate Lawyers, Member Law360 Real Estate Editorial Advisory Board, Member, 2018 KRAMER LEVIN NAFTALIS & FRANKEL LLP 4 New York State Bar Association, Member, Real Property Law Section, Committee on Condominiums and Cooperatives, 2004 – present New York City Bar Association, Committee on Cooperative and Condominium Law and Offering Plan Subcommittee, 2004 – 2008 KRAMER LEVIN NAFTALIS & FRANKEL LLP 5.