Green Energy
New York Post:
Half-baked mosque
By ISABEL VINCENT and MELLISA KLEIN
Last Updated: 10:33 AM, August 8, 2010
Posted: 3:19 AM, August 8, 2010
Not so fast.
The developers of the controversial mosque proposed near Ground Zero own only half the site where they want to construct the $100 million building, The Post has learned.
One of the two buildings on Park Place is owned by Con Edison, even though Soho Properties told officials and the public that it owns the entire parcel. And any potential sale by Con Ed faces a review by the state Public Service Commission.
“We never heard anything about Con Ed whatsoever,” said a stunned Julie Menin, the chairwoman of Community Board 1, which passed a May resolution supporting the mosque.
Daisy Khan, one of the mosque’s organizers, told The Post last week that both buildings on Park Place are needed to house the worship and cultural center. But she claimed ignorance about the Con Ed ownership of 49-51 Park Place and referred questions to Soho Properties, which bought the building at 45-47 Park Place in 2009.
Rep. Peter King, who opposes the mosque, said the developers seemed to be “operating under false pretenses.”
“I wonder what else they are hiding,” said King (R-LI). “If we can’t have the full truth on this, what can we believe?”
Sharif El-Gamal, the head of Soho Properties, first came forward in 2006 seeking to buy the empty building at 45-47 Park Place, said Melvin Pomerantz, whose family owned the property.
Pomerantz said El-Gamal eventually raised $4.8 million cash for 45-47 Park Place. El- Gamal paid an extra $700,000 to take over the lease with Con Ed for the building next door. The lease expires in 2071.
The two buildings were connected years ago — common walls were taken down — and housed a Burlington Coat Factory store.
Con Ed said El-Gamal told the utility in February that he wanted to exercise the purchase option in his $33,000- a-year lease for the former substation.
The utility is now doing an appraisal to determine the property value, and it would be up to El-Gamal to decide whether to accept the price, the utility said. The price is estimated at $10 million to $20 million.
“We are following our legal obligations under the lease. We will not allow other considerations to enter into this transaction,” Con Ed said.
The sale proposal will go to the Public Service Commission, where it could possibly face a vote by a five-member board controlled by Gov. Paterson.
El-Gamal told The Post his long-term lease was equivalent to ownership and that it even allowed him to demolish the building. Still, he said, he was determined to buy the property. “The cost is not an issue,” he said.
The building at 45-45 Park Place had been on the market for years with a sale price that at one point was $18 million. It was owned by Stephen Pomerantz, who died in 2006. His widow, Kukiko Mitani, said she was in debt and desperate to unload the property even at a bargain price of $4.8 million to El- Gamal.
She said she thought El-Gamal wanted to build condos, not a mosque — but he should build whatever he wants.
The Web site for the mosque and community-center project, now called Park 51, says it will be financed “with a mix of equity, financing and contributions.”
But just $200 in donations has come in so far, according to Ameena Meer, head of Muslims for Peace, the nonprofit accepting the contributions.
49-51 Park Place, owned by Con Edison, is being appraised for a possible sale to Soho Properties, the developer behind the controversial mosque. Sharif El-Gamal, the principal of Soho Properties, paid $700,000 to take over the 99-year lease in 2009.
Soho Properties spent $4.8 million to buy 45-47 Park Place in 2009. The building, which used to house a Burlington Coat Factory, had been on the market for years with a sale price that once reached $18 million.
-
Sharif El-Gamal, Ground Zero Mosque Developer, sued by Citibank for defaulting on $100k loan Bank sues mosque manThe developer of the proposed mosque near Ground Zero was slapped with a suit for defaulting on nearly $100,000 in business loans. Citibank...
-
Sharif El-Gamal, developer of Ground Zero mosque, evicted from SoHo office for racking up back rentUPDATED AT BOTTOM OF POST Sharif el-Gamal, developer of the mosque near Ground Zero, is being evicted from his office in SoHo for racking up $39,000...
- More On Sharif El-gamal
A quote from that CBS interview reveals another lie by el-Gamal: Pelley: Did it occur to you when you were putting this together that that was two blocks too close to a place that many, many people feel very strongly about? El-Gamal: Not at all....
- Sharif El-gamal Spent Eight Years Negotiating Purchase, And Originally Planned To Build Condo Complex, Not Ground Zero Mosque?
A waiter 5 years ago? Not according to SoHo Properties web archive: 2006 website page identifies Soho Properties Executive Team: “Sharif El-Gamal, Chairman and CEO, founded Soho Properties in 2003 to focus on commercial real estate capital markets,...
- Muslim Critic Of Ground Zero Mosque Says She’s Being Threatened By Property’s Owner
From News Real Blog: You may recall Raheel Raza, the Canadian Muslim who spoke out against the construction of the Ground Zero mosque on “The O’Reilly Factor” and through other media outlets. Today, she tells reporters she is being threatened...
Green Energy
New York Post:
Half-baked mosque
By ISABEL VINCENT and MELLISA KLEIN
Last Updated: 10:33 AM, August 8, 2010
Posted: 3:19 AM, August 8, 2010
Not so fast.
The developers of the controversial mosque proposed near Ground Zero own only half the site where they want to construct the $100 million building, The Post has learned.
One of the two buildings on Park Place is owned by Con Edison, even though Soho Properties told officials and the public that it owns the entire parcel. And any potential sale by Con Ed faces a review by the state Public Service Commission.
“We never heard anything about Con Ed whatsoever,” said a stunned Julie Menin, the chairwoman of Community Board 1, which passed a May resolution supporting the mosque.
Daisy Khan, one of the mosque’s organizers, told The Post last week that both buildings on Park Place are needed to house the worship and cultural center. But she claimed ignorance about the Con Ed ownership of 49-51 Park Place and referred questions to Soho Properties, which bought the building at 45-47 Park Place in 2009.
Rep. Peter King, who opposes the mosque, said the developers seemed to be “operating under false pretenses.”
“I wonder what else they are hiding,” said King (R-LI). “If we can’t have the full truth on this, what can we believe?”
Sharif El-Gamal, the head of Soho Properties, first came forward in 2006 seeking to buy the empty building at 45-47 Park Place, said Melvin Pomerantz, whose family owned the property.
Pomerantz said El-Gamal eventually raised $4.8 million cash for 45-47 Park Place. El- Gamal paid an extra $700,000 to take over the lease with Con Ed for the building next door. The lease expires in 2071.
The two buildings were connected years ago — common walls were taken down — and housed a Burlington Coat Factory store.
Con Ed said El-Gamal told the utility in February that he wanted to exercise the purchase option in his $33,000- a-year lease for the former substation.
The utility is now doing an appraisal to determine the property value, and it would be up to El-Gamal to decide whether to accept the price, the utility said. The price is estimated at $10 million to $20 million.
“We are following our legal obligations under the lease. We will not allow other considerations to enter into this transaction,” Con Ed said.
The sale proposal will go to the Public Service Commission, where it could possibly face a vote by a five-member board controlled by Gov. Paterson.
El-Gamal told The Post his long-term lease was equivalent to ownership and that it even allowed him to demolish the building. Still, he said, he was determined to buy the property. “The cost is not an issue,” he said.
The building at 45-45 Park Place had been on the market for years with a sale price that at one point was $18 million. It was owned by Stephen Pomerantz, who died in 2006. His widow, Kukiko Mitani, said she was in debt and desperate to unload the property even at a bargain price of $4.8 million to El- Gamal.
She said she thought El-Gamal wanted to build condos, not a mosque — but he should build whatever he wants.
The Web site for the mosque and community-center project, now called Park 51, says it will be financed “with a mix of equity, financing and contributions.”
But just $200 in donations has come in so far, according to Ameena Meer, head of Muslims for Peace, the nonprofit accepting the contributions.
49-51 Park Place, owned by Con Edison, is being appraised for a possible sale to Soho Properties, the developer behind the controversial mosque. Sharif El-Gamal, the principal of Soho Properties, paid $700,000 to take over the 99-year lease in 2009.
Soho Properties spent $4.8 million to buy 45-47 Park Place in 2009. The building, which used to house a Burlington Coat Factory, had been on the market for years with a sale price that once reached $18 million.
-
Sharif El-Gamal, Ground Zero Mosque Developer, sued by Citibank for defaulting on $100k loan Bank sues mosque manThe developer of the proposed mosque near Ground Zero was slapped with a suit for defaulting on nearly $100,000 in business loans. Citibank...
-
Sharif El-Gamal, developer of Ground Zero mosque, evicted from SoHo office for racking up back rentUPDATED AT BOTTOM OF POST Sharif el-Gamal, developer of the mosque near Ground Zero, is being evicted from his office in SoHo for racking up $39,000...
- More On Sharif El-gamal
A quote from that CBS interview reveals another lie by el-Gamal: Pelley: Did it occur to you when you were putting this together that that was two blocks too close to a place that many, many people feel very strongly about? El-Gamal: Not at all....
- Sharif El-gamal Spent Eight Years Negotiating Purchase, And Originally Planned To Build Condo Complex, Not Ground Zero Mosque?
A waiter 5 years ago? Not according to SoHo Properties web archive: 2006 website page identifies Soho Properties Executive Team: “Sharif El-Gamal, Chairman and CEO, founded Soho Properties in 2003 to focus on commercial real estate capital markets,...
- Muslim Critic Of Ground Zero Mosque Says She’s Being Threatened By Property’s Owner
From News Real Blog: You may recall Raheel Raza, the Canadian Muslim who spoke out against the construction of the Ground Zero mosque on “The O’Reilly Factor” and through other media outlets. Today, she tells reporters she is being threatened...