Greenwich Village Business: Firm Closes, Private Equity Moves In

GREENWICH VILLAGE, NY — A private equity firm is opening in Greenwich Village while a real estate brokerage is shuttering in the neighborhood.

The Douglas Elliman outpost at 774 Broadway, in between East 9th and 10th Streets, is officially closed, a sales manager at the business told The Real Deal.

A representative told the New York City real estate news site that the firm chose not to renew its lease at the location.

The outpost has also been covered by a sidewalk shed for the last few years.

With that being said, Douglas Elliman still has Lower Manhattan locations at 111 Fifth Avenue, 936 Broadway, 140 Franklin Street, 137 Waverly Place, and 690 Washington Street.

Elliman is the largest real estate firm in the city.

In other financial-related opening and closings in Greenwich Village, the private equity firm Avenir is moving its headquarters to 817 Broadway, between East 11th and 12th Streets.

As first reported by the Commerical Observer, Avenir signed a five-year lease on the 12th floor of the 817 Broadway building.

It becomes the third venture capital business to move into the 140,000-square-foot Greenwich Village building, joining Union Square Ventures and Steadview Capital Management.