BLDG Management secures $251M for Midtown rental tower

Lloyd Goldman moving ahead with plans for 41-story building

TRD New York /
Jun.June 09, 2015 05:07 PM

Lloyd Goldman’s BLDG Management has secured $251 million in financing for a rental tower at 222 East 44th Street, according to property records filed with the city Tuesday.

The New York State Housing Finance Agency and the Bank of China provided the loan.

Goldman bought the site for $32 million last year and applied for a permit application to construct the 449-foot-tall building in January, as The Real Deal reported.

Goldman’s plans include 429 apartments — 87 of which will be affordable — across more than 360,000 square feet, according to the developer’s permit application with the Department of Buildings. The building is located between Second and Third avenues.

Although SLCE is the listed architect of record, Handel Architects won a competition to design the new residential tower. Amenities will include a swimming pool and a basketball court.

BLDG is also developing a $35.5 million project in the East Village. Last fall, it sold two of its Midtown East Properties.

A BLDG representative was not immediately available for comment Tuesday.

Related Articles


Lloyd Goldman, Jeffrey Feil threaten to pull the plug on the New York Wheel

Here’s what the $10M-$20M investment sales market looked like last week

BLDG Management refis the Blake on the UES with $65M loan

BLDG secures $70M to refi UWS rental building

Here’s what the $10M-$20M NYC investment sales market looked like last week

Tenant lawyer to pay fine for dislodging surveillance camera from BLDG building

Lloyd Goldman’s BLDG buys East Harlem office building

AllianceBernstein pays $100.4M for George Washington Hotel’s ground lease