For years, Tech mogul Arthur Becker was the silent investor behind projects done by Kevin Maloney, Michael Stern and other renowned developers. He is however now involved on a project of his own-shifting from investor to developer.
As per the filed offering plan, the condominium project he is putting up is an 8-unit building located at 465 Washington Street in Tribeca. The eight units will include a 1 penthouse duplex and 7 simplex apartments. The sellout is projected to about $52.5 million.
Arthur is not new to these kinds of investments. Back in 2012, when Peter Moore, architect-turned-developer faced a $4.7 million foreclosure suit after a loan default, it was Arthur Becker who bought 465 Washington from him for $6.1 million.
With an approximately $550 million worth of project investment in NYC to date, Becker was never the guy seeking the spotlight, until now.
So who really is Arthur Becker?
According to The Real Deal, Arthur Becker is currently the Managing Member of Madison Partners LLC, an investment firm with interests in real estate and early stage BioTech ventures. Previously, he had served as the chairman and CEO of Zinio LLC from 2012 to 2015.
Prior to becoming part of Zinio, Arthur Becker was the CEO of NaviSite (2002-2010), a NASDAQ-quoted company offering internet technology services, hosting, and colocation to US and UK businesses.
Aside from being part of Madison Partners, he was also a senior adviser at Vera Wang fashion and a private investor in tech and real estate since 2011 when NaviSite was bought by Time Warner. Currently he invests in residential developments in Miami and New York. With projects in like the one in Tribeca, Third Avenue, Sullivan street and Steinway at 57th street being some of his investments in New York.
Arthur Becker went to Bennington College where he graduated in 1972 with a BA- Fine Arts, with a mixed major of ceramics and photography. He then proceeded to the Amos Tuck business school (Dartmouth).
Check out his website: http://arthurbeckerstudio.com/