Lionheart Strategic Management LLC, an affiliate of Fisher Brothers, has provided a $27.6 million loan for the construction of 644 East 14th Street, a 24-story residential building in the Alphabet City section of the East Village of Manhattan. The loan comes in addition to a $102 million senior loan that was provided by Apollo Global Management.
644 East 14th Street will yield 196 residences, including 30 affordable units, as well as amenities including a fitness center, rooftop deck, and 1,200 square feet of community space. The property will also feature 2,200 square feet of ground-floor retail space.
The project is being developed by Madison Realty Capital and was designed by Fischer + Makooi Architects. Completion is estimated for August 2025.
644 East 14th Street before demolition, via Google Maps
“644 East 14th Street is uniquely positioned to support the growing Alphabet City community through the development of high-quality residential, retail and community space,” said Sebastian Post, managing director and co-head of investments at Lionheart Strategic Management. “We’re proud to play a role in financing the project’s development alongside our valued partners and are excited to watch it come to life.”
The nearest subway from 644 East 14th Street is the L train at the 1st Avenue station to the west.
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This will be a huge improvement in the neighborhood
Everyone needs a safe place to live, at the same time we also want to be comfortable. And I don’t care behind this upcoming residential building: Thanks.
Much,much better than the terrible monstrosity that formerly occupied the space! Good job on this one!
Quite a good design, except for the brain-dead ground floor base. I guess continuous storefront glazing is all anyone thinks pedestrians deserve.
Glass corners seem visually weak to me.
That building used to be an auto supply store. It is a vast improvement.