News

October 29, 2007
From The Real Deal
By John Celock
Blesso, Ardency convert West Village townhouses back to single-family

In the mid-1800s, the West Village was the prime spot for the city's wealthy families to live. After the upper classes moved uptown, the townhouses were split into apartments as the neighborhood became a cheap place for writers and artists.

Now the cycle has come full circle, as affluent families pay top dollar for West Village townhouses that are in short supply and developers invest big money to convert historic homes from multi-family back to single-family dwellings.

Blesso Properties and Ardency Partners are gutting a total of five West Village townhouses. The firms are looking to sell the projects for $2,500 a foot, after buying the buildings for around $1,700 a foot.

Andrew Brown, an Ardency partner, said that while demand is strong, many developers have shied away from such costly small-scale projects. Financing has been difficult, he said.

"A lot of people think this is too small," Brown said. "A lot of banks think that you are crazy for buying a shell."
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April 26, 2007

Ardency Partners LLC sponsors Greenwich Village Society for Historic Preservation (GVSHP) Eighth Annual House Tour & Benefit, May 6, 2007
Ardency Partners LLC is proud to announce its sponsorship of GVSHP’s 8th Annual House Tour, including entry to seven fine examples of West Village townhouses.

Sunday, May 6th 1pm – 5pm

For further information on the tour and GVSHP, please go to: www.gvshp.org


April 28, 2006

Ardency Partners LLC wins New York University Real Estate Institute’s Entrepreneurship Prize for second year running.

Andrew Brown and Carl Campbell, 2005 winners of the Entrepreneurship Prize, returned with their redevelopment plan for 5 MacDougal Alley, a mews house in the West Village. This conceptual plan for a conversion to a single-family residence, gut renovation, roof-top addition and a preservation easement proved a winning combination.

Andrew and Carl teamed up in advance of the 2005 competition and have been working together ever since on small residential developments and redevelopments south of 23rd Street. Their complementary skills in finance and architecture were the impetus for the pairing and seem to be proving another winning combination.