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.
Last week, YIMBY was the first media outlet to be given a tour of the sales gallery and construction site of the 55-story skyscraper at 277 Fifth Avenue, in Nomad, Manhattan, a project which we have reported on extensively over the past several years. Designed by Rafael Viñoly, the high-rise is currently on its 46th floor, with only nine to go before topping-out occurs. After a nerve-racking elevator ride outside of the building, we stepped out to what is currently its highest floor, which already offers expansive views of the New York City skyline.
JDS Development and Property Markets Group’s 111 West 57th Street has been making substantial progress since YIMBY last checked in on the site back in August, and the soon-to-be 1,428-foot-tall tiwer continues to climb into the Midtown skyline. Glass curtain wall installation is now clearly visible and climbing on the southern side, and the supertall’s distinct terracotta and copper facade is also making major progress along the eastern face, which can be seen from street level.
While Jersey City’s ongoing real estate boom has been substantial and transformative, almost the entirety of the action has been devoted to the creation of new residential space, including towers like 99 Hudson Street. But a few blocks north, the city’s first new commercial office building in decades, dubbed Harborside Tower, is getting ready to rise at 136 Greene Street, and renderings have now been released.
Last week, YIMBY featured an update on 606 Broadway, on West Houston Street. A few blocks east, an even larger building is rising on a slightly less irregularly-shaped lot, at 300 Lafayette Street, for which we have the latest images courtesy of Tectonic.