Financing | The Real Deal New York

The Real Deal New York

Deal sheet    Single Deal
Financing
  • Event Financing
  • Address 460 West 54th Street
  • Borough Manhattan
  • Neighborhood Clinton
  • Publication Date 10/01/2008
  • Deal Date 08/22/2008
  • Party 1 Affiliates of Alchemy Properties and Jamestown
  • Party 1 Brokerage Wolf Haldenstein Adler Freeman and Herz, King and Spalding
  • Party 1 Broker Jeffrey Schwartz, A. Charles, J. Bartlett
  • Party 2 Bank of America, Helaba Bank
notes
A $66.6 million loan was provided to finance the construction of an apartment building with ground-floor retail. The developers plan to build a tower totaling 132,000 square feet, with 95 apartments. An offering plan has not been filed yet, but the developers reportedly expect to complete the project in spring 2010. Includes 447-453, 450 and 452. 3 development sites