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From left: 410 Tenth Avenue, 100 Park Avenue, 230 East 20th Street, 30 Morningside Drive, SL Green’s Marc Holliday (Photos via Google Maps, Getty, Gramercy Square, 30 Morningside Drive/Illustration by Kevin Rebong for TRD)
The 10 largest Manhattan loans recorded in January totaled $1.95 billion, a 7 percent decrease from December’s total.
For the first time, the top loan of the month was for an acquisition that went into contract during the pandemic: a hefty CMBS loan that 601W Companies secured for its $953 million purchase of SL Green’s 410 Tenth Avenue. The remainder of the top 10 included one other acquisition loan and a construction loan, while the rest were refinancings.
Wed January 06, 2021 - Northeast Edition
The Baltimore Sun
The next phase of development includes five buildings, a portion of what eventually is planned to include 18 million sq. ft. of development, with 2.5 mi. of restored waterfront and more than 40 acres of parks and green space, according to the development team.
Baltimore s Port Covington development team will begin the next phase of construction on the waterfront revitalization project with more than 1 million sq. ft. of residential, retail and office space after finalizing a $650 million financing deal.
Construction on the massive, mixed-use development had begun late in 2019 on the project s $500 million first phase of building. The team suspended work on the once-industrial South Baltimore riverfront site in April to protect worker safety during the coronavirus pandemic.
The Prusik Group, BRP Companies, L+M Development Partners,
and Taconic Partners have signed a 28,000 s/f lease with Trader Joe’s in Harlem.
The popular grocery chain will join Target as the retail
anchors of the new $242 million Urban League Empowerment Center mixed used
development now under construction at 121 West 125th Street.
The 17-story Urban League Empowerment Center will house the
National Urban League’s headquarters and the state’s first civil rights museum
as well as 170 units of supportive and affordable housing for low-income New
Yorkers, 70,000 s/f of office space and nearly 90,000 s/f of retail.
Target already signed a lease for a new 44,000 s/f store and the office space tenants include several locally based non-profits, including the United Negro College Fund, 100 Black Men, Inc. and Jazzmobile. The project, designed by Beyer Blinder Belle, is expected to be completed in 2023. Dabar Development Partners is the Owner’s Representative for the National
450 West 31st Street, New York, NY 10001 Phone: 212-260-1332
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