Goldman Sachs

Rendering of Walker House (CetraRuddy / Inglese Architecture & Engineering)

Brewery and Rock Climbing Gym Debut at Historic Walker House in Newark, New Jersey

Newark’s historic Walker House at 540 Broad Street is now home to a local brewery and a 22,000-square-foot indoor rock-climbing gym, the latest phase of a multimillion-dollar redevelopment plan led by LMXD, Prudential Financial Inc., and Goldman Sachs Urban Investment Group. Located in the heart of downtown, Newark Local Beer and Method Climbing + Fitness sit below 20 stories of rentals that debuted in 2020.

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YIMBY Scopes Views from One Essex Crossing at 202 Broome Street on Manhattan’s Lower East Side

YIMBY went on a tour of One Essex Crossing, a 14-story mixed-use building at 202 Broome Street and one component of the nine-building Essex Crossing development on Manhattan’s Lower East Side. Designed by CetraRuddy for Delancey Street Associates, a partnership of BFC Partners, L+M Development PartnersTaconic PartnersThe Prusik Group, and Goldman Sachs Urban Investment Group, the property yields residential and office space on a full-block parcel bound by Delancey Street to the north, Broome Street to the south, Suffolk Street to the east, and Norfolk Street to the west. Corcoran Sunshine Marketing Group is handling marketing and sales for One Essex Crossing, which is approaching 50 percent sold.

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Financing Secured for 550 Tenth Avenue in Hell’s Kitchen, Manhattan

The closing of construction financing was announced for a new 47-story mixed-use residential development at 550 Tenth Avenue in Hell’s Kitchen. The project is developed by Gotham Organization and Goldman Sachs Asset Management JV in a joint venture equity partnership, with Wells Fargo and US Bank providing a $212 million construction loan, and Lionheart Strategic Management providing $35 million in mezzanine financing.

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