The Real Deal New York

Fascitelli’s Imperial Companies snags $134M refi for Hudson Yards tower

Restaurant in the West 38th St. building is expected to open this year
By Kathryn Brenzel | November 08, 2017 03:20PM

515 West 38th Street and Michael Fascitelli

Michael Fascitelli’s Imperial Companies just landed a $134 million loan to refinance a 33-story rental tower in Hudson Yards.

MetLife provided the financing for the nearly complete 515 West 38th Street, according to documents filed with the city’s Department of Finance. The financing package included a new $30 million mortgage, consolidated with $103.4 million in previous loans.

Representatives for Imperial declined to comment on the deal. Cushman & Wakefield’s Steven Kohn, Gideon Gil, Adam Spies and Adam Doneger brokered the financing.

The rental tower, known as Henry Hall, has 225 rental units and, according to filings with the New York state Attorney General’s office, has two commercial condominium units, two residential condos and one with an unspecified use.

A two-story restaurant run by Delicious Hospitality — dubbed Legacy Records — is slated to open sometime this year in the building. The restaurant will have an 85-seat dining room and feature “Mediterranean-influenced American” food, according to Bloomberg.