Anbau Enterprises landed a $66.6 million construction loan from Bank of the Ozarks for its Upper West Side condominium development at 207 West 79th Street.
Anbau is developing a 13-story, 71,000-square-foot condo building featuring 19 apartments and 5,000 square feet of ground-floor retail space. The company bought the site for $39 million in April 2015.
Anbau is also developing a 24-story apartment building at 39 West 23rd Street in the Flatiron District and a 34-story tower at 360 East 89th Street in the Upper East Side. Earlier this year, it reportedly bid $130 million for a giant Brooklyn Heights development site, but the deal fell apart when the property’s shareholders voted against it. [CO] – Konrad Putzier