Aby Rosen, Chinese partners secure $360M for 100 East 53rd

Norman Foster is designing the 61-story luxury condominium

New York /
Apr.April 29, 2015 09:00 AM

RFR Holding together with its Chinese partners Vanke Holdings and China Cinda Asset Management secured $360 million to finance the development of their new luxury tower at 100 East 53rd Street.

Holliday Fenoglio Fowler arranged the funding from the Industrial and Commercial Bank of China, according to a press release. The building, which Aby Rosen’s RFR is co-developing with Hines, is located next to RFR’s Seagram Building on the corner of East 53rd Street and Lexington Avenue. HFF’s Mike Tepedino, Michael Gigliotti and director Jennifer Keller represented the borrowers.

The 61-story luxury tower at 100 East 53rd Street will include 94 residences. Starchitect Norman Foster’s Foster + Partners is designing the tower.

China Cinda paid $140.5 million for a majority stake in the project in March. China Vanke bought a stake in the building in 2014. — Claire Moses

 
 

Related Articles

arrow_forward_ios
Aby Rosen dodges liability at Gramercy Park Hotel
Aby Rosen dodges liability at Gramercy Park Hotel
Aby Rosen dodges liability at Gramercy Park Hotel
Chinese developers in US struggle as Evergrande mess threatens business back home
Chinese developers in US struggle as Evergrande mess threatens business back home
Chinese developers in US struggle as Evergrande mess threatens business back home
Dr. Samantha Boardman. Inset: Aby Rosen (Getty, iStock)
Aby Rosen’s wife: “Huge amount of dread” about return to offices
Aby Rosen’s wife: “Huge amount of dread” about return to offices
Aby Rosen and 60 East 55th Street. (Getty, Google Maps)
Special servicer calls for Aby Rosen’s home of Core Club to be sold at auction
Special servicer calls for Aby Rosen’s home of Core Club to be sold at auction
Aby Rosen and 522 Fifth Avenue (Getty, Google Maps)
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
From left: RFR’s Aby Rosen, Vanke US managing director Kai-yan Lee and 100 East 53rd Street (Photos via Tdorante10/Wikipedia and Getty)
Chinese bank seeks foreclosure of RFR and Vanke’s Midtown condo project
Chinese bank seeks foreclosure of RFR and Vanke’s Midtown condo project
Aby Rosen and the Gramercy Hotel (Getty, Google Maps)
Solil Management sues to end RFR’s Gramercy Park Hotel lease
Solil Management sues to end RFR’s Gramercy Park Hotel lease
From left: Vanke US managing director Kai-yan Lee, 100 East 53rd Street and RFR’s Aby Rosen (Photos via Foster + Partners and Getty)
Vanke files $680K suit in condo dispute with RFR
Vanke files $680K suit in condo dispute with RFR
arrow_forward_ios

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

Loading...