The Real Deal New York

BLDG Management secures $251M for Midtown rental tower

Lloyd Goldman moving ahead with plans for 41-story building

June 09, 2015 05:07PM
By Claire Moses

From left: Lloyd Goldman and

From left: Lloyd Goldman and 222 East 44th Street

Lloyd Goldman’s BLDG Management has secured $251 million in financing for a rental tower at 222 East 44th Street, according to property records filed with the city Tuesday.

The New York State Housing Finance Agency and the Bank of China provided the loan.

Goldman bought the site for $32 million last year and applied for a permit application to construct the 449-foot-tall building in January, as The Real Deal reported.

Goldman’s plans include 429 apartments — 87 of which will be affordable — across more than 360,000 square feet, according to the developer’s permit application with the Department of Buildings. The building is located between Second and Third avenues.

Although SLCE is the listed architect of record, Handel Architects won a competition to design the new residential tower. Amenities will include a swimming pool and a basketball court.

BLDG is also developing a $35.5 million project in the East Village. Last fall, it sold two of its Midtown East Properties.

A BLDG representative was not immediately available for comment Tuesday.