Victor Sigoura

Legion Investment Group had a complex and exciting year as the firm worked to get several residential projects off the ground — literally, in some respects — while navigating New York’s City of Yes rezoning initiative and trying to make history in Manhattan’s Gramercy Park.

The firm is working on a significant luxury condominium development at 38 Gramercy Park East, the first ground-up condominium development in the area in about a century.

“Gramercy was very challenging to put together, so that deal is really gratifying,” Victor Sigoura said. “Because not only was it very challenging to put together, by way of having to buy out a 34-unit co-op, but also buy out rent-stabilized tenants and put together six properties. It was challenging, but the fact that we’re able to deliver a new ground-up development that hasn’t been done in over 100 years is extremely exciting.”

Sigoura expects to be done with the foundation work on 38 Gramercy Park East in June and then go vertical.

“I’m really excited about that project for sure,” he said. “I would also say our 1122 Madison Avenue project is very exciting. There’s been great success. We sold 22 out of 26 units in about a three-and-a-half-week period — that’s a little bit more than $400 million of sales. It is really a tremendous success for the project.”

The penthouse at 1122 Madison Avenue sold for an Upper East Side record $89.5 million earlier this year. The firm is also working on a 30-story residential tower at 11 West 13th Street in partnership with ESJ Group, and in early 2026 secured a $190 million construction loan for the project.

“Getting about 800,000 square feet, total, of projects moving all at the same time was a challenge,” Sigoura said of the previous year. “But I think 2026 will be defined as the year in which we really make a big impact in the market in terms of the types of developments that we put out on the market, the level of quality that the market will see. It’s going to be a defining year for us.”