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

Norman Foster is designing the 61-story luxury condominium

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

The Chrysler Building and Aby Rosen (Credit: Rosen by Sean Zanni/Patrick McMullan via Getty Images)

Retail tenants disappearing from Chrysler Building

RFR Realty's Aby Rosen, 900 Third Avenue, and Paramount's Albert behler (Credit: Getty Images, Google Maps)

Aby Rosen in talks to buy Paramount’s East Side tower for $400M

RFR Realty's Aby Rosen, Brookfield's Ric Clark and the Lever House at 390 Park Avenue (Credit: Getty Images and Google Maps)

Aby Rosen’s new landlords move to take control of Lever House

Aby Rosen and Lever House at 390 Park Avenue (Credit: Getty Images and Google Maps)

Aby Rosen says Tod Waterman stabbed him in back on Lever House deal

Slate Property Group’s David Schwartz and 45 Rivington Street (Credit: Google Maps)

Mystery buyer snaps up controversial Rivington House for
$160 million

From left: Barbara Slifka, 477 Madison Avenue and RFR Holding's Aby Rosen (Credit: Google Maps and Getty Images)

Aby Rosen picks up Madison Avenue office property once center of family feud

Aby Rosen of RFR Holding and 175-225 Third Street in Gowanus (Credit: Google Maps and Getty Images)

With rezoning looming, RFR asks over $200M for Gowanus assemblage

The Four Seasons at 42 East 49th Street and Four Seasons managing partner Alex von Bidder (Credit: Four Seasons Restaurant)

Curtain closes on the Four Seasons at
280 Park