2024 Spring Issue of Urban Land - 58

UL Interview:
STEFAN SOLOVIEV
Enigmatic billionaire owns some of
Manhattan's most coveted properties
LOIS WEISS
Scion of the late
developer Sheldon
Solow, Stefan Soloviev
was only 22 when
he reclaimed the full
Russian surname of his
grandfather Isaac and
moved to Phoenix,
parting ways for a time
with his irascible father.
tattooed, tanned, and tousled, 48-year-old
Stefan Quinn Soloviev looks like an athletic
nerd who stepped out of a Mad Max film, but
don't let his appearance fool you. Soloviev
is one of largest landowners in the United
States-number 21, according to Landreport.
com-with a portfolio that includes some of
Manhattan's most coveted properties.
Scion of the late developer Sheldon Solow,
Soloviev was only 22 when he reclaimed the
full Russian surname of his grandfather Isaac
and moved to Phoenix, parting ways for a
time with his irascible father.
Fascinated by commodities, and grain in
particular, Soloviev transitioned from trading
crops to owning land, acquiring large farms
and cattle ranches in windy, drought-prone
areas of the Midwest. He collaborated with
a seed company to create drought-tolerant
corn, bought railroads to deliver crops faster,
and cut deals with wind and solar companies
to generate renewable power.
Eventually returning to New York at his
father's behest, Soloviev took over operations
of a portfolio of luxury residential towers with
1,495 apartments. After Solow passed away
in 2020, Soloviev was forced to sell all but
one of the apartment buildings to pay estate
taxes, but he kept the trophy office tower at
9 West 57th Street, along with a development
site across the street, plus nearly seven vacant
acres south of the United Nations complex.
Urban Land: After your father passed
away, you sold most of the residential
towers in 2022 for $1.75 billion. How did
that come about?
Soloviev: When I took over the buildings, they
were at 65 percent occupancy and I got them
up to 97 percent.
I had run the residential buildings and
worked with Dad for 20 years, but zero planning
went into my father's estate. The residential
sale helped to clean up the estate. We
sold the residential properties before the interest
rates went up, and I have one left-[Rivers
Bend, with 171 units at 501 E. 87th Street,] the
first one my father built on the Upper East
Side.
UL: You were able to keep 9 West 57th
Street, a 1.6 million square-foot commercial
office tower that overlooks Central
Park and is one of the top office properties
in New York, with tenants that include
Chanel and Apollo. Your father, as you
well know, could be very curmudgeonly
58
URBAN LAND
SPRING 202 4
S OL O VIEV GROUP

2024 Spring Issue of Urban Land

Table of Contents for the Digital Edition of 2024 Spring Issue of Urban Land

2024 Spring Issue of Urban Land - Cover1
2024 Spring Issue of Urban Land - Cover2
2024 Spring Issue of Urban Land - 1
2024 Spring Issue of Urban Land - 2
2024 Spring Issue of Urban Land - 3
2024 Spring Issue of Urban Land - 4
2024 Spring Issue of Urban Land - 5
2024 Spring Issue of Urban Land - 6
2024 Spring Issue of Urban Land - 7
2024 Spring Issue of Urban Land - 8
2024 Spring Issue of Urban Land - 9
2024 Spring Issue of Urban Land - 10
2024 Spring Issue of Urban Land - 11
2024 Spring Issue of Urban Land - 12
2024 Spring Issue of Urban Land - 13
2024 Spring Issue of Urban Land - 14
2024 Spring Issue of Urban Land - 15
2024 Spring Issue of Urban Land - 16
2024 Spring Issue of Urban Land - 17
2024 Spring Issue of Urban Land - 18
2024 Spring Issue of Urban Land - 19
2024 Spring Issue of Urban Land - 20
2024 Spring Issue of Urban Land - 21
2024 Spring Issue of Urban Land - 22
2024 Spring Issue of Urban Land - 23
2024 Spring Issue of Urban Land - 24
2024 Spring Issue of Urban Land - 25
2024 Spring Issue of Urban Land - 26
2024 Spring Issue of Urban Land - 27
2024 Spring Issue of Urban Land - 28
2024 Spring Issue of Urban Land - 29
2024 Spring Issue of Urban Land - 30
2024 Spring Issue of Urban Land - 31
2024 Spring Issue of Urban Land - 32
2024 Spring Issue of Urban Land - 33
2024 Spring Issue of Urban Land - 34
2024 Spring Issue of Urban Land - 35
2024 Spring Issue of Urban Land - 36
2024 Spring Issue of Urban Land - 37
2024 Spring Issue of Urban Land - 38
2024 Spring Issue of Urban Land - 39
2024 Spring Issue of Urban Land - 40
2024 Spring Issue of Urban Land - 41
2024 Spring Issue of Urban Land - 42
2024 Spring Issue of Urban Land - 43
2024 Spring Issue of Urban Land - 44
2024 Spring Issue of Urban Land - 45
2024 Spring Issue of Urban Land - 46
2024 Spring Issue of Urban Land - 47
2024 Spring Issue of Urban Land - 48
2024 Spring Issue of Urban Land - 49
2024 Spring Issue of Urban Land - 50
2024 Spring Issue of Urban Land - 51
2024 Spring Issue of Urban Land - 52
2024 Spring Issue of Urban Land - 53
2024 Spring Issue of Urban Land - 54
2024 Spring Issue of Urban Land - 55
2024 Spring Issue of Urban Land - 56
2024 Spring Issue of Urban Land - 57
2024 Spring Issue of Urban Land - 58
2024 Spring Issue of Urban Land - 59
2024 Spring Issue of Urban Land - 60
2024 Spring Issue of Urban Land - 61
2024 Spring Issue of Urban Land - 62
2024 Spring Issue of Urban Land - 63
2024 Spring Issue of Urban Land - 64
2024 Spring Issue of Urban Land - 65
2024 Spring Issue of Urban Land - 66
2024 Spring Issue of Urban Land - 67
2024 Spring Issue of Urban Land - 68
2024 Spring Issue of Urban Land - 69
2024 Spring Issue of Urban Land - 70
2024 Spring Issue of Urban Land - 71
2024 Spring Issue of Urban Land - 72
2024 Spring Issue of Urban Land - 73
2024 Spring Issue of Urban Land - 74
2024 Spring Issue of Urban Land - 75
2024 Spring Issue of Urban Land - 76
2024 Spring Issue of Urban Land - 77
2024 Spring Issue of Urban Land - 78
2024 Spring Issue of Urban Land - 79
2024 Spring Issue of Urban Land - 80
2024 Spring Issue of Urban Land - 81
2024 Spring Issue of Urban Land - 82
2024 Spring Issue of Urban Land - 83
2024 Spring Issue of Urban Land - 84
2024 Spring Issue of Urban Land - 85
2024 Spring Issue of Urban Land - 86
2024 Spring Issue of Urban Land - 87
2024 Spring Issue of Urban Land - 88
2024 Spring Issue of Urban Land - 89
2024 Spring Issue of Urban Land - 90
2024 Spring Issue of Urban Land - 91
2024 Spring Issue of Urban Land - 92
2024 Spring Issue of Urban Land - 93
2024 Spring Issue of Urban Land - 94
2024 Spring Issue of Urban Land - 95
2024 Spring Issue of Urban Land - 96
2024 Spring Issue of Urban Land - 97
2024 Spring Issue of Urban Land - 98
2024 Spring Issue of Urban Land - 99
2024 Spring Issue of Urban Land - 100
2024 Spring Issue of Urban Land - 101
2024 Spring Issue of Urban Land - 102
2024 Spring Issue of Urban Land - 103
2024 Spring Issue of Urban Land - 104
2024 Spring Issue of Urban Land - Cover3
2024 Spring Issue of Urban Land - Cover4
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-spring-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2024-winter-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-fall-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-summer-issue-of-urban-land
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2023-spring-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-winter-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022FallIssue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-summer-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/2022-spring-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ulm-winter-2022
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/summer-issue-2021
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/uli-spring-2021-issue
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/ULIWinter2021
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDFALL2020
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDSUMMER2020
https://www.nxtbook.com/urbanlandinstitute/UrbanLand/URBANLANDSPRING2020
https://www.nxtbookmedia.com