Home Builder News

Lightstone lands $305M loan for proposed FiDi condo tower

130 William is a residential high-rise tower currently under development in the Financial District of Manhattan.The building is being developed by Lightstone and was designed by british architect sir david adjaye.. history. Lightstone purchased the former 12-story office building at 130 William Street in May 2014 for $60 million after the previous owner defaulted on a mortgage from East West Bank.

Dive Brief: Renderings for the Lightstone Group’s new David Adjaye-designed, $700 million New York City luxury condominium tower have been unveiled by The Real Deal.; The 750-foot-tall.

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Image courtesy Lightstone Group . With demolition complete and excavation almost finished at 130 William Street in Manhattan’s Financial District, construction is expected to begin imminently on a new tower by David Lichtenstein’s Lightstone Group. Lightstone’s current plans for the massive new condominium tower have supplanted prior plans for a mixed-use hotel.

Lightstone Lands $70M in EB-5 Funding for Manhattan Hotel. the company proposed a 20-story, 252-key property in Miami’s Brickell Financial District. Last October, it signed on to operate a.

Canyon Capital Realty Advisors has provided a $27.7 million senior construction loan to an affiliate of the Newgard Development Group to refinance an existing land loan and to fund construction costs for the completion of BrickellHouse, a 46-story, ultra-modern luxury condominium tower located off of Brickell Avenue in Miami, Florida.

(Crain’s) — Sedgwick Properties Development Corp. has landed a $50-million construction loan for a new, 180-unit condominium building in the South Loop, in a deal that seems to defy the.

The value of this super skyscraper is expected to reach $701 million – in March, Lightstone already secured a 5 million construction loan for the 59-story tower from Mack Credit Real Estate Strategies, and plans to put $112.5 million of its own cash and land equity into the project, according to its EB-5 website, according the same source.

Lightstone Group’s David Lichtenstein said Friday that Amazon’s about-face on its New York megacomplex was the "worst day for NYC since 9-11." "Except this.

The Story of a Local Lender With Double-Digit Yields The Story of a Local Lender With Double-Digit Yields – Commercial Property Executive. Broadmark Capital’s president discussed the lending market, its challenges and how the company managed to maintain average annualized returns of 11 percent or more since its inception in 2010. Read the full article here.

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