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The Alexico Group is developing the building in partnership with Hines — not alone.
SJP Properties of Parsippany, N.J., which is developing the building with Prudential Real Estate Investors, declined comment.
Prime Group is developing the building in a joint venture with the J. Paul Beitler Development Company of Chicago.
While developing the building on West 19th Street, which is called 520 West Chelsea, Mr. Jacobson applied lessons he learned from the Perry Street project.
The Kenbar Group of Manhattan is developing the building, the second of three it is putting up on Lexington Avenue between 96th and 98th Streets.
However, he said renewed attention to developing the building blocks of governance was just as important in causing the turning point as any military or strategic gains.
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"It adds a new dimension to a development, especially if you are focused on families," said Mr. Shokouhi, who developed the building.
The developers are applying for tax-exempt permanent bond financing from the New York State Housing Finance Agency to develop the building as a so-called 80-20 project.
He plans to develop the building commercially.
Have you developed the building adequately to hold the weight?
Both Zeckendorf brothers, who developed the building, bought apartments there.
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