An affiliate of GFI Capital Resources has secured $195 million in refinancing for The Beekman, a historic landmarked hotel in Manhattan’s Financial District. The deal included a $130 million senior loan with Bank OZK arranged by Newmark and a $65 million subordinate financing raised from bond investors on the Tel Aviv Stock Exchange.
Steelwork is progressing on 67 Vestry Street, a 13-story residential building in Tribeca. Designed by BP Architects and developed by Iliad Realty Group, the project involves a four-story addition atop a historic 88,712-square-foot Romanesque structure, bringing the total height from 115 to 153 feet tall. King Contracting Group is leading the masonry and brick installation, Urban Atelier Group is the general contractor, and Gachot Studios is designing the interiors of the 13 condominium units within the property, which is located at the corner of Vestry Street and West Street, directly across from Hudson River Park. Corcoran Sunshine Marketing Group was last reported to be the exclusive marketing and sales agent for the residences.
Work is finishing up on 100 Vandam Street, a 25-story residential building in Hudson Square, Manhattan. Designed by COOKFOX and developed by Jeff Greene, the project involved the repurposing of a 134-year-old former power plant into the podium for a 300-foot-tall structure, and will yield 72 residential units and ground-floor retail space. Jili Properties is the property manager and Douglas Elliman Development Marketing is handling sales and marketing of the one- to four-bedroom homes within the tower, which is located at the corner of Greenwich and Vandam Streets.
New renderings have been spotted for Two World Trade Center, the final component of the 16-acre World Trade Center complex at 200 Greenwich Street in the Financial District. Designed by Norman Foster of Foster + Partners and developed by Silverstein Properties, the commercial supertall will rise from a foundation built in the early 2010s before work stalled on the initial iteration of the tower. The full-block parcel is bound by Greenwich Street to the west, Vesey Street to the north, Church Street to the east, and Fulton Street to the south. The site is currently being used as a secondary entrance to the PATH trains and subway lines and the Westfield World Trade Center mall within Santiago Calatrava Architects‘ Oculus, and an outdoor beer garden along Church Street surrounded by colorful commissioned murals on the corrugated metal and exposed ventilation ducts.
Construction is getting closer to completion on 101 West 14th Street, a 13-story residential building in Chelsea, Manhattan. Alternately addressed as 531 Sixth Avenue, the reinforced concrete structure is designed by ODA Architecture and developed by Gemini Rosemont and will yield 44 condominium units as well as 5,830 square feet of ground-floor retail space for two tenants. Residential sales launched last year and are being led by Ryan Serhant of Nestseekers International’s Serhant Team, with prices starting at $1.35 million for one-bedroom units. Whitehall Interiors is in charge in interior designs and New Line Structures is the general contractor for the property, which is located at the northwest corner of West 14th Street and Sixth Avenue, just above the border with Greenwich Village.
