An affiliate of GFI Capital Resources has secured $195 million in refinancing for The Beekman, a historic landmarked hotel in Manhattan’s Financial District. The deal included a $130 million senior loan with Bank OZK arranged by Newmark and a $65 million subordinate financing raised from bond investors on the Tel Aviv Stock Exchange.
The Howard Hughes Corporation has received necessary approvals to construct a new 26-story mixed use development at 250 Water Street in South Street Seaport, Manhattan. Designed by Skidmore, Owings & Merrill (SOM), the tower will comprise a mix of market-rate and affordable rental apartments, an office component, retail space, and community facilities.
Bark, one of the world’s largest health and wellness subscription companies for dogs, has signed a 15-year, 52,000-square-foot lease at 120 Broadway in the Financial District of Manhattan. The company is the latest to join a slew of enterprise clients at the newly renovated commercial property.
An abstract sculpture from artist Frank Stella is now on display at 7 World Trade Center in the Financial District. Titled “Jasper’s Split Star,” the sculpture is located within the Silverstein Family Park between West Broadway and Greenwich Street, a location that was previously occupied by Jeff Koons’ signature “Balloon Flower (Red).”
This week SL Green Realty Corp and Douglas Elliman launched leasing at 7 Dey Street, a 34-story mixed-use building in Manhattan’s Financial District. In addition to 209 rentals, the building will also contain a mix of commercial retail and office suites with frontage along both Dey Street and Broadway.