T30 Capital Buys Union Square Site for $11.2M

T30 Capital, co-founded by David Schwartz, is the primary owner of the site at 100 East 16th Street in Union Square, also referred to as 34 Union Square East. The company acquired the property in October 2024 for $11.2 million.

Plans filed call for a 12-story, 29-unit residential development at the former TGI Friday’s location. The Department of Buildings has not yet issued permits. The article describes Aron Stark as a minority partner in the project, with T30 Capital as the primary owner.

The piece also notes Stark’s prior Rikers Island stint in 2023 related to court-ordered repairs at a Bushwick property, and that tenants allege he abandoned other properties that accumulated housing code violations, city fines, and property tax bills.