Deal sheet    Single Deal
8 Spruce Street|Financing|03/22/2008
  • Event Financing
  • Building Name Beekman Tower
  • Address 8 Spruce Street
  • Square feet 1,100,000
  • Borough Manhattan
  • Neighborhood Financial District
  • Publication Date 05/01/2008
  • Deal Date 03/22/2008
  • Party 1 Forest City Ratner
  • Party 1 Brokerage Forest City Ratner
  • Party 1 Broker Andrew Silberfein
  • Party 2 Eurohypo AG, Nord/LB, ING Real Estate Finance, Fifth Third Bank, RBS Citizens, National Electrical Benefit Fund
A $680 million construction loan was arranged for the project, which will include 904 apartments, a school, an ambulatory care center, 1,300 square feet of retail and a 175-car parking garage. The New York City Housing Development Corporation is issuing the $680 million in bonds, with $204 million coming from the New York Liberty Bond Program. 76-story mixed-use building.