Israeli real estate scion developing 78-unit project on Chrystie Street

Ben Harlev’s Arava Group plans to build a 78-unit residential building at 167 Chrystie Street, a permit application filed with the New York City Department of Buildings on Tuesday shows. The residential portion of the building would span 54,000 square feet while ground floor retail space would account for 5,000 square feet. Harlev, a former Israel Defense Forces captain, acquired the property through a ground lease signed in December in the amount of $9.5 million. […]

from The Real Deal New York