Developers Land $445 Million Construction Loan For 111 Murray Street, Tribeca

111 Murray Street111 Murray Street, renderings via teaser site

Fisher Brothers, Witkoff, and New Valley have closed on a $445 million construction loan for their planned 58-story, 157-condo-unit luxury tower at 111 Murray Street, in Tribeca. YIMBY brought you new renderings of the Kohn Pedersen Fox-designed building last month, and David Mann is designing the interiors; retail space will also measure 2,100 square feet on the ground floor.

Demolition of the site’s former 10-story building is almost finished, and excavation is expected to commence later this month, with completion slated for 2018. The Wall Street Journal first reported the news.

111 Murray Street

June 2015 Demolition 111 Murray Street, photography by ILNY

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