Lexin Capital plans 40-story tower at 75 Nassau

Metin Negrin paid $63.4M for land and development rights

New York /
Mar.March 10, 2015 11:08 AM

Lexin Capital is riding the Financial District’s residential boom with permits filed today for a 197-unit tower at 75 Nassau Street.

The ODA Architecture-designed building will rise 40 stories and will have retail space on the first two floors, according to permits filed with the city’s Department of Buildings. There will be offices on the third and fourth floors.

According to the building permit, the high-rise will top out at 498 feet, nearly half the 800 feet that previously was reported. The residential portion will measure 189,780 square feet with another 39,203 square feet of commercial space.

There will be eight apartments each on floors seven through 20, and three apartments on the 22nd floor. Floors 23 through 38 will have four or six apartments, according to plans filed with the city.

Metin Negrin’s development company paid $63.4 million total for the land and air rights. It acquired 75-81 Nassau Street, where the building will rise, for $46 million from the Century 21 department store company, which is owned by the Gindi family. Lexin paid another $17.4 million for 83 Nassau and development rights at 85 Nassau.


Related Articles

arrow_forward_ios
(James Davis of Better Angle Media)
Shaquille O’Neal trades big Florida home for smaller Texas one
Shaquille O’Neal trades big Florida home for smaller Texas one
Southern California wildfires (Credit: Getty Images)
Flame off: Country’s first “wildfire-prepared” home is completed
Flame off: Country’s first “wildfire-prepared” home is completed
Island Sotheby’s International Realty agent Dan Omer and Hana Ranch in Maui (Sotheby's International Realty)
Hawaiian ranch next to Oprah hits market for $75M
Hawaiian ranch next to Oprah hits market for $75M
Hana Ranch in Maui. (Sotheby's International)
Mammoth Maui cattle ranch hits market for $75M
Mammoth Maui cattle ranch hits market for $75M
The ranch home built by Johnny Cash. (Douglas Elliman Realty)
Home built by Johnny Cash on the market for $1.8M
Home built by Johnny Cash on the market for $1.8M
Anthony "Fat Tony" Salerno and the Rhinebeck horse farm (Hudson Modern, Getty)
Rhinebeck farm once owned by mob boss lists for $1.5M
Rhinebeck farm once owned by mob boss lists for $1.5M
(iStock, Illustration by Kevin Cifuentes for The Real Deal)
Some 40 million US homes at risk from extreme 2022 weather
Some 40 million US homes at risk from extreme 2022 weather
One of the pools at the Brooklyn Tower. (TheBrooklynTower.com)
Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower
Life Time Group to manage 120,000 square feet of amenities at Brooklyn’s +1,000-foot tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...