The Real Deal New York

Aurora, William Gottlieb land $120M loan for Solar Carve Tower

Bank of the Ozarks is the lender
By Hiten Samtani and Chava Gourarie | September 18, 2017 04:23PM

Renderings of Solar Carve (Credit: Studio Gang)

Aurora Capital and William Gottlieb Real Estate scored $120 million in construction financing for the Solar Carve Tower in the Meatpacking District, property records filed Monday show.

The lender on the Studio Gang-designed project at 40 Tenth Avenue is Bank of the Ozarks, one of the most active construction lenders in New York.

The Solar Carve Tower, on the corner of West 13th Street, will have two floors of retail and 10 floors of office space.

Ozark’s other bets in New York include a $130 million loan package for Simon Baron Development’s conversion at 12 East 88th Street , a $92 million loan for Ashkenazy Acquisition‘s NYLO hotel and a loan for Tishman Speyer’s Long Island City office project.