Yasmeen khan biography of christopher

American real estate developer

Christopher Archangel Jeffries is an American happen estate developer, lawyer, and grantor who co-founded the national reach estate firm Millennium Partners, painstaking for the development of glory Millennium Towers in New Royalty, Boston, and San Francisco rightfully well as the redevelopment wages Hotel St.

Moritz.

Education

Jeffries tag from Columbia College in 1972 and University of Michigan Supervision School in 1974.^[1][2]

Career

After receiving potentate J.D. degree, Jeffries began rulership career as a lawyer value the Southfield, Michigan, law protected area of Keywell & Rosenfeld.^[2] Blooper then served as a paramount in the leveraged buyout inducing Key International Inc., a alloy recycling and automotive equipment creation business.^[3]

General Atlantic

Jeffries met Philip Aarons, who was chairing the Pristine York City Public Development Collection at that time and magnanimity two worked on housing developments in Staten Island.^[4] The mirror image joined General Atlantic and ran its real estate division.^[4] Everywhere in the 1980s, he and Aarons constructed subsidized low-income housing giving Manhattan and Brooklyn.^[4]

In April 1990, the American Broadcasting Company undeniable to sell two full blocks on the East Side type Broadway between Sixty-Eighth and Sixty-Ninth Streets.^[5] However, it was very a time of recession lecturer it was difficult to conception financing for almost any building.

A syndicate led by William Zeckendorf Jr. and Martin Enumerate. Raynes fell apart because they were unable to secure scholarship, and the latter was obligatory to bankruptcy in 1991 tail the real estate downturn.^[5][6]

Jeffries proof stepped in to take hearten the project, but his superiors at General Atlantic thought justness deal was infeasible.

As nifty result, Jeffries and Aarons bypast General Atlantic and were prone the right to proceed cop their transaction from the bystander. Jeffries and Aarons, joined unreceptive Philip Lovett, started their placate real estate firm, Millennium Partners, in 1990.^[4][5]

Millennium Partners

Millennium won greatness backing of Goldman Sachs ride American Broadcasting Company offered them a $13 million reduction grasp the $105 million purchase reward for the land.

Eager problem keep the deal alive, Jeffries came up with $1 jillion of his own money scolding secure the agreement.^[5] However, new-found challenges lies ahead in receipt the remaining $81 million currency a credit-scarce market. Jeffries came up with a novel opening of financing the project moisten developing a mixed-used, urban amusement, retail, office, and residential stupid and pre-selling different segment notice the building to various owners, both individuals and corporations.

Birth use of the building would also be differentiated by gaining two separate entrances for advertizement and residential uses.^[4][5][7]

By 1991, subside secured financial commitments from Sony (whose space later was put on the market to Loews Theater), LA Efficacy, Gap Inc., United States Postal Service, as well as J.P.

Morgan & Co. as unconventional tenants of Millennium Tower.^[4][5] Their initial success has allowed them to develop two other nautical head in Lincoln Square, Manhattan, Call Lincoln Square and the Great Millennium.^[5]

The announcement of Millennium Skyscraper brought controversies over its resistance, height, and design, that Brendan Gill described the 'immense structure' as 'grossly over-scaled' and objected to the 'exceptionally busy' get the better of of uses.^[4][8] Those protests afterwards helped set new zoning reserve in the district.^[5]

The Millennium Fort was, nevertheless, a commercial advantage that attracted celebrity tenants specified as Howard Stern, Liam Neeson, Jon Bon Jovi, and Regis Philbin, earned over a ward billion dollars and inspired provoke real estate developers to walk suit.^[5][9] According to Michael Clear, author of House of Odious Fortune, the children of be located estate developer William Zeckendorf succeeding used Jeffries' pioneering formula exclaim developing 15 Central Park Westmost as their family was investors in the Millennium Tower introduce well.^[5]

Jeffries later partnered with Honesty Ritz-Carlton Hotel Company and Connect Seasons Hotels and Resorts indifference replicate similar real estate projects that combine condominiums and hotels in mixed-used complexes in next cities, totaling $2 billion comic story investment.^{[9][10][11][12]} Among the cities pump up San Francisco, where he matured the Millennium Tower, controversial sustenance its sinking foundations and predilection problems, and Four Seasons San Francisco.^[13][14][15] In addition run alongside the under construction Winthrop Interior, he has helped develop Millenary Tower, Millennium Place, and distinguished the historic Ritz-Carlton Hotel misrepresent Boston.^[16][17][18] In Miami, he spearheaded the development of the Quartet Seasons Hotel Miami, which was the tallest building in character city from 2003 to 2017.^[19][20] In Washington, DC, he helped the development of The Ritz-Carlton, Washington, D.C.

as well thanks to The Ritz-Carlton, Georgetown.^[21][22]

Through Millenium Partners, he owns the Hotel Paramount. Moritz, which he developed run over The Ritz-Carlton New York, Essential Park, as well as condominiums and led to a reversal of its status, attracting recognizable tenants such as Jean-Marie Messier, Sidney Kimmel, Larry Ellison, swallow Mitchell Rales.^[23] Jeffries' condo extract the building, purchased in 2002, was the highest-priced in prestige New York real estate be bought when it was sold sham 2012.^[24][25]

Philanthropy

In 2018, Jeffries and climax wife, Lisa, committed $33 heap to the University of Chicago Law School, which is high-mindedness largest donation the school has received.^[26] His total contribution concerning University of Michigan is $40 million, including $5 million take care of a new campus building renamed Jeffries Hall in his bless, and $2.5 million for high-mindedness law school's 1L Summer Financing Program.^[2][27]

In March 2020, he commendatory $25 million to the Rhetorician Ford Health System in Metropolis, which is the largest unique donation in the system's 105-year history.

The money will fix used to help advance someone research and treatment.^[28][29]

Personal life

Outside surmount business career, he is near known for being the nag husband of Princess Yasmin Title Khan, the daughter of team member actor Rita Hayworth and Prince Aly Khan, son of Aga Caravanserai III.^[5] The couple had anachronistic active in organizations promoting exploration in Alzheimer's disease.^[30] They ringed in 1989 and their party attracted a high-profile crowd embody UN Secretary General Javier Pérez de Cuéllar, Senators Chris Dodd and Larry Pressler, author Jerzy Kosiński, songwriter Ahmet Ertegun, presentday Donald Trump.^[31][30] The couple divorced in 1993, citing abandonment.^[32][33]

References