Stanley I. Chera z”l, was a prominent member of the Syrian Sephardic community who parlayed his father’s Brooklyn department store business into one of New York real estate’s biggest retail empires, reaped huge rewards from the city’s emergence as a global shopping destination and used his wealth and connections to play kingmaker for Donald Trump.
Stanley died from complications of the coronavirus, making him a most high-profile industry casualty of the global pandemic.
The Real Deal reports on Chera’s passing:
As the pandemic spread rapidly in New York, Trump had advised Chera to leave the city and decamp to his summer home near Deal, N.J., a popular vacation-home destination for many moguls hailing from Chera’s Syrian Jewish community, which dominates New York retail. Chera took his advice but fell ill anyway, and was admitted to New York Presbyterian/Weill Cornell Medical Center in late March. According to a source familiar with events, Chera’s wife, Frieda (Cookie) also contracted the virus, but recovered.
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