The Real Deal New York

Astor master

With a mega-construction loan in hand, developer Edward Minskoff is betting the bank on his speculative Astor Place office tower
By Adam Piore | February 13, 2012 10:30AM

From the February issue: In New York City, possibly the only thing rarer than a developer who can get a $100 million-plus construction loan these days is a developer who can get one to build a speculative office tower.

Recently, Edward Minskoff surmounted both hurdles, winning approval for a $165 million loan to build a flashy, 400,000-square-foot, 13-story office tower in the heart of Astor Place, an area one doesn’t normally associate with new office space. [more]