Izak Senbahar

Izak Senbahar is an entrepreneur, hotelier, and real estate developer. He is president of Alexico Group LLC, which is involved in luxury residential and hotel development.[1] According to The Real Deal magazine, the combined value of the company’s projects in 2014 was approximately $2 billion.[2]

Izak Senbahar
Born
Istanbul, Turkey
OccupationReal Estate Developer
Spouse(s)Sarah Senbahar (née Genske)
ChildrenAlexi Senbahar
Oliver Senbahar

Early life and education

Born to a Jewish family,[3] he is the son of Fani and Sabatay Senbahar.[4]

Career

Before entering real estate, Senbahar worked as a precious metals trader at the New York City offices of Groupe Sucre et Denrées (SUCDEN), a French commodities broker.[5] In the mid-1980s, he joined Kiska, a Turkish construction firm, to help the company establish itself in the New York real estate market.[6] With Kiska, Senbahar oversaw the development of various properties including 353 Central Park West, a 19-story luxury condominium building.[7] Subsequently, he partnered with Steven Elghanayan to develop the Elektra, a 32-story condominium in New York City’s Gramercy Park neighborhood; the building, completed in 1992, was later sold to Beth Israel Medical Center (now Mount Sinai Beth Israel).[8] In 1993, Senbahar formed Alexico Group and joint ventured with Simon Elias to develop a number of projects.

Selected projects
Image of 56 Leonard St. located in New York City
  • The Grand Beekman, 2003. This 89-unit luxury condominium at 400 East 51st Street was designed by Costas Kondylis & Partners.
  • 165 Charles Street, 2004. Designed by Pritzker Prize–winning architect Richard Meier, the 16-story glass tower in Manhattan’s West Village neighborhood won the Housing Design Award from the American Institute of Architects New York chapter.[9]
  • The Laurel, 2008. At 400 East 67th Street, this 129-unit condominium was designed by Costas Kondylis & Partners with interiors by Brian Callahan.
  • The Mark. Originally built in 1927, this Art Deco building at 25 East 77th Street houses a mix of hotel rooms/suites and cooperative apartments, a Frédéric Fekkai salon, a Jean-Georges restaurant, and a John Lobb shoe kiosk. Its reimagined interiors are by Jacques Grange, known for his commissions for Yves Saint Laurent, Valentino, and Princess Caroline of Monaco. Many other designers and artists—including Eric Schmitt, Mattia Bonetti, Ron Arad, Guy de Rougement, Karl Lagerfeld, Todd Eberle, Patrice Dangel, Howard Spivak, Vladimir Kagan, Piero Lissoni, and Paul Mathieu—contributed to the project.[10]
  • 56 Leonard, completed in 2017. Designed by the Swiss architecture firm Herzog & de Meuron, this 60-story condominium tower stands 821 feet high and is the tallest building in Manhattan’s Tribeca neighborhood.

Personal life

He is married to Sarah Genske;[11] they have two children, Alexi and Oliver.[12] In an interview with The Real Deal magazine, Senbahar said that he enjoys “drumming, percussion and bongos.”[13]

References
  1. AboutMe.com, Mann Report, “Committed to Building Remarkable Urban Homes.”
  2. Katherine Clarke, “Izak Senbahar,” The Real Deal. Retrieved November 16, 2014.
  3. Haaretz: "Manhattan transfer - Joining the burgeoning wave of construction in the Big Apple these days are Israeli-born real-estate moguls, who are investing billions of dollars in high-profile structures of every stripe" By Haim Handwerker June 2, 2005 |"After that, he joined forces with Izak Senbahar, also Jew of Iraqi origin"
  4. New York Times: "Paid Notice: Deaths - SENBAHAR, SABATAY July 26, 2011
  5. About Me. “Izak Senbahar.” Retrieved November 16, 2014.
  6. Gawker, “Izak Senbahar.” Archived 2015-01-01 at the Wayback Machine Retrieved November 16, 2014.
  7. Gawker. “Izak Senbahar.” Archived 2015-01-01 at the Wayback Machine Retrieved November 16, 2014.
  8. Gawker. “Izak Senbahar.” Archived 2015-01-01 at the Wayback Machine Retrieved November 16, 2014.
  9. American Institute of Architects. “AIA New York Chapter 2005 Housing Design Award Winners.” Archived 2014-05-26 at the Wayback Machine Retrieved December 1, 2014.
  10. “The Mark Hotel, So Glam!” Archived 2015-02-07 at the Wayback Machine Quest magazine, August 28, 2014. Retrieved November 25, 2014.
  11. New York Times: "Paid Notice: Deaths GENSKE, WILLIAM BACKMAN" July 18, 2004
  12. The Real Deal: "The Closing with Izak Senbahar" by Katherine Clarke March 01, 2013
  13. Katherine Clarke, “Izak Senbahar,” The Real Deal. Retrieved November 16, 2014.
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