140 West 28th Street, rendering by Gene Kaufman

Kaufman’s Latest 45-Story Hotel at 140 West 28th Street Revealed, Receives $121 Million for Construction Funding, Chelsea

Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.

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72 South 2nd Street

Mixed-Use Redevelopment at 72 South Second Street Revealed, Williamsburg

The Williamsburg development boom continues apace, and today YIMBY has the details for a mixed-use project that is coming to 72 South Second Street. T.F. Cusanelli & Filletti Architects in collaboration with INNOCAD architecture will be designing the building, which will result in a completely refurbished corner fronting directly onto Wythe Avenue, and we first reported on the DOB applications back in September of 2016.

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