Deal sheet    Single Deal
West 42nd Street and 11th Avenue|Financing|07/23/2007
  • Event Financing
  • Building Name River Place II
  • Address West 42nd Street and 11th Avenue
  • Borough Manhattan
  • Neighborhood Hell's Kitchen
  • Publication Date 09/01/2007
  • Deal Date 07/23/2007
  • Party 1 Larry Silverstein
  • Party 1 Brokerage Cushman & Wakefield
  • Party 2 Bank of New York Mellon, Allied Irish Bank
A $700 million construction loan was arranged for the luxury rental development, which will also include 21,000 square feet of retail and 194 parking spaces. Approximately 20 percent of the units will be affordable. The major portion of the project will be financed with New York State housing bonds. Two 58-story rental buildings, 1,359 units total.