search

The Real Deal Logo

Trending

HGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudTrump accused of making false statements about $50M Chicago tower loanTrump accused of making false statements about $50M Chicago tower loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
New York

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

Norman Foster is designing the 61-story luxury condominium

From left: A rendering of 100 East 53rd Street (Credit: Foster + Partners/DBOX), Norman Foster and Aby Rosen
From left: A rendering of 100 East 53rd Street (Credit: Foster + Partners/DBOX), Norman Foster and Aby Rosen

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.

Sign Up for the undefined Newsletter

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

 

 

Tags
Aby RosenChina VankeNorman FosterRFR Holding