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

Restaurant in the West 38th St. building is expected to open this year

New York /
Nov.November 08, 2017 03:20 PM

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.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Clockwise from top: David Bistricer of Clipper Equity, Joseph Chetrit a rendering of the Gramercy Square condominium and Robyn Sorid of G4 Capital Partners (Photos via Clipper Equity, Getty, VUW, G4)

Chetrit, Bistricer’s Gramercy Square condo lands $207M loan

Chetrit, Bistricer’s Gramercy Square condo lands $207M loan
One Madison Avenue and Marc Holliday (Photos via SL Green)

SL Green snags $1.25B construction loan for One Madison Avenue

SL Green snags $1.25B construction loan for One Madison Avenue
David Boies and 55 Hudson Yards (Getty, Google Maps)

Boies Schiller seeks to shed Hudson Yards office space

Boies Schiller seeks to shed Hudson Yards office space
11 Penn Plaza and 120 Wall Street (VNO, Wikipedia Commons)

Manhattan’s top real estate loans post second best month since March

Manhattan’s top real estate loans post second best month since March
Square Mile Capital CEO Craig Solomon and The Real Deal's Hiten Samtani

WATCH: “It’s going to take longer, and it’s going to cost more”: Craig Solomon on the real estate capital stack

WATCH: “It’s going to take longer, and it’s going to cost more”: Craig Solomon on the real estate capital stack
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...