L&L Holding Company

425 Park Avenue, courtesy of L&L Holding

L&L Holding Company Secures Refinancing For 425 Park Avenue In Midtown East, Manhattan

L&L Holding Company has secured $911 million in refinancing for 425 Park Avenue, an office skyscraper in Midtown East, Manhattan. Sumitomo Mitsui Trust Bank led the refinancing as the principal lender, with the new five-year floating rate loan intended to replace a similar-sized loan from 2021 that supported the tower’s final construction and leasing activities.

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Birds-eye rendering of Claremont Hall at 100 Claremont Avenue

RAMSA’s Claremont Hall Wraps Up Construction in Morningside Heights, Manhattan

The 22nd-tallest building on our annual year-end countdown is Claremont Hall, a 466-foot-tall mixed-use tower currently completing construction at 100 Claremont Avenue in Morningside Heights, Manhattan. Designed by Robert A.M. Stern Architects along with SLCE Architects and interior designer CetraRuddy Architects, and developed by Lendlease, Daiwa House Texas, and LMXD, the 41-story structure spans 354,000 square feet and yields 165 condominium units in one- to four-bedroom layouts, as well as classrooms, office space, and faculty housing for Union Theological Seminary. The project also involves renovations to the school’s Hastings Hall by Beyer Blinder Belle. Corcoran Sunshine Marketing Group is leading sales and marketing and Lendlease is the general contractor for the property, which is located by the corner of Claremont Avenue and West 122nd Street.

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"Constellations" Exhibit, by Alan Schindler Photography

‘Constellations’ Art Installation Unveiled at 425 Park Avenue in Midtown, Manhattan

L&L Holding Company, in collaboration with renowned artist Anthony James and SPACE2CURATE, have unveiled “Constellations,” a sculpture installation at 425 Park Avenue in Midtown East, Manhattan. Visible from Park Avenue and 55th Street, the work occupies a 5,000-square-foot glass-enclosed gallery at the southeast corner of the 897-foot-tall commercial skyscraper from Foster + Partners.

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Photo of 195 Broadway by Alan Schindler

Payoneer to Relocate Headquarters to 195 Broadway in Financial District, Manhattan

Financial technology firm Payoneer has finalized a ten-year lease agreement to move its headquarters to 195 Broadway in Manhattan’s Financial District. The company will occupy a 42,000-square-foot space spanning the entire 27th floor of the historic 29-story Neoclassical building starting in spring of 2024. This relocation marks one of the more significant office relocations from Midtown to Lower Manhattan this year.

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Evening rendering of Terminal Warehouse in West Chelsea - Credit COOKFOX

YIMBY Tours Terminal Warehouse At 261 Eleventh Avenue in West Chelsea, Manhattan 

YIMBY recently went on a tour of Terminal Warehouse at 261 Eleventh Avenue in West Chelsea, Manhattan. The original 132-year-old George Mallory-designed structure is being extensively renovated and now features a new six-story office pavilion designed by COOKFOX Architects and redeveloped by L&L Holding Company, Columbia Property Trust, and Cannon Hill Capital Partners. New Line Structures & Development is the general contractor for the 1.3-million square foot development, which will cost $2 billion-plus, stand 13 stories tall, and yield new Class A office suites, around 100,000 square feet of new outdoor green space including 29 private terraces and a central courtyard, ground-floor retail space, and multiple dining options. Cushman & Wakefield is the exclusive listing agent for both office and retail. Terminal Warehouse takes up a full city block bound by West 28th Street to the north, West 27th Street to the south, Eleventh Avenue to the east, and Hudson River to the west. Floor plates vary in size up to 160,000 square feet.

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