Chinese Insurance Company Funds 62-Story Luxury Residential Building At 111 Murray Street, Tribeca

101 Murray Street101 Murray Street, rendering by Kohn Pedersen Fox

The developers of a 62-story, 139-unit mixed-use tower at 101-111 Murray Street, in Tribeca, have reportedly found financing, valued in the hundreds of millions, from a Chinese insurance company. YIMBY confirmed in March that 111 Murray Street will rise 857 feet tall, but first revealed the design in June of 2014. Witkoff Group and Fisher Brothers are developing; Kohn Pedersen Fox is designing. The site’s predecessor has now been demolished, and completion is expected in 2017. [The Real Deal]

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