Rendering of 258-278 8th Avenue - Courtesy of JJ Operating

Lenders Confirm $183M Financing Package for 258-278 Eighth Avenue in Chelsea, Manhattan

Square Mile Capital and Pacific Western Bank are set to provide $183 million in construction financing for a 12-story mixed-use property at 258-278 Eighth Avenue in Chelsea, Manhattan. A new Target retail store will occupy 28,000 square feet of the building’s lower levels. Above these floors, the development will house 190 rental apartments and associated amenities.

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40 Bleecker Street Stands Completed in NoHo, Manhattan

Construction is complete on 40 Bleecker Street, a 12-story residential building at the corner of Mulberry and Bleecker Streets in NoHo. Designed by Rawlings Architects and developed by Broad Street Development, the property yields 61 one- to five-bedroom units with interiors designed by Ryan Korban. Sales and marketing are being led by Fredrik Eklund of Million Dollar Listing: New York fame, as well as John Gomes and Sarah Burke of Douglas Elliman Development MarketingEdmund Hollander Design is carrying out the landscaping for the private outdoor terraces and the 5,600-square-foot rear courtyard.

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