In downtown Brooklyn, Tishman Speyer is working on a 10-story office property at 422 Fulton St., very close to Extell Development’s upcoming 57-story condo tower, the borough’s tallest high-rise. With.
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Extell Scores $500M In Financing For Brooklyn Condo Tower Whitehead Contents Brooklyn residential tower Offering 12 month price High growth economies. participation 964 feet tall 308-unit condo conversion City business.
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The third and final phase of Downtown Brooklyn’s 1.9-million-square-foot CityPoint development is now well under construction. A recent site visit shows that excavators and earth movers are busy picking away at the rectangular chunk of Brooklyn soil at 138 Willoughby Street, between Albee Square West and Flatbush Avenue Extension.
Extell close to landing $500M loan for three Manhattan projects. Gary Barnett’s Extell Development is in active negotiation for a $500 million loan, backed by three Manhattan developments and shares in Central Park Tower, according to documents filed with the Tel Aviv Stock Exchange. Roughly $375 million of the funds will go toward refinancing.
Extell gets condo loan downtown and buys time for midtown tower Luxury-condo builder Extell Development Co. said it obtained a construction loan for a lower Manhattan project after months of delays, and bought more time to get financing for a planned tower on Billionaires’ Row in midtown.
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Extell launches sales at Brooklyn’s current tallest tower, starting at $837K. Currently, the cheapest condo is 17G, which is listed for $837,000. It measures 549 square feet and will have a carrying cost of $658/month with abatement. The studio at 28G is slightly larger at 556 square feet and is asking $874,000, with a $670/month carrying cost.
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Nationally acclaimed real estate development firm Extell Development Company announced today that the company has closed on $530 million in financing for Brooklyn Point, the firm’s first development in Brooklyn and currently the tallest residential tower under construction in the borough.
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Anticipation for Extell’s first Brooklyn tower, known as Brooklyn Point, is rising about as fast as the 720-foot, 68-story structure, and the Downtown Brooklyn building reached a new milestone: A teaser website was just launched with a stunning rendering of the building designed by Kohn Pedersen Fox.
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