The Real Deal New York

Navigating the construction lending drought

Trophy office buildings and luxury condos are becoming harder to finance, but some are tapping into the right formulas
By Kathryn Brenzel | July 18, 2016 07:00AM

(Illustration by Chris Manfre)

(Illustration by Chris Manfre)

From the July issue: In November 2014, after more than a decade of political disarray and public disappointment, the first World Trade Center tower finally opened, giving New Yorkers a sense that the sprawling commercial complex was becoming a reality once and for all. Things came more into focus this year, when the transit hub opened in March, followed by the topping out of 3 World Trade Center in late June.

And yet, a crucial piece of the development project — 2 World Trade Center— is still missing. [more]