IPA Capital Markets, a division of Marcus & Millichap, announced the refinancing of 580 Broadway, a 12-story Class A office and retail property located in Soho, Manhattan. The refinancing package totaled $50 million. The building was constructed in 1900 and is located between Houston and Prince Streets. Maxi Capital Group, Sabal Investment Holdings, and GDSNY provided the $50 million office loan for the project.
Construction is about to go vertical at 80 Clarkson Street and 570 Washington Street, the site of a two-tower residential project along the Hudson River waterfront in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital Group, and The Baupost Group, the $1.25 billion complex will consist of 29- and 36-story towers rising 400 and 450 feet, and will yield 271 condominium units, 169 affordable senior living homes, and commercial space on the lower levels. ACI VI Clarkson LLC is the owner of the 1.3-acre property bound by Clarkson Street to the north, West Houston Street to the south, Washington Street to the east, and West Street to the west.
The New York City Landmarks Preservation Commission has unanimously voted to designate the 1 Wall Street Banking Room Interior, also known as the Red Room, as a landmark in Manhattan’s Financial District. Completed in 1931, this unique and elaborately tiled space served as a reception room and banking hall for the Irving Trust and Bank Company. The Red Room represents the work of architect Ralph Walker and muralist Hildreth Meière.
Brookfield Properties recently secured a $750 million long-term loan extension for One Liberty Plaza, a 54-story office skyscraper at 165 Broadway in Manhattan‘s Financial District. The loan was provided by a collection of lenders, including Morgan Stanley.
