Friday, 14 December 2018

Wanted: $415M in construction financing for Douglaston’s Hudson Yards project

It’s not going to get built by itself. Douglaston Development wants a $415 million construction loan for its multifamily project at 601 West 29th Street. Jeffrey Levine’s firm plans to build a 58-story, 931-unit project at the site, with construction set to finish in 2022, according to Commercial Observer. His firm started the search for construction financing about a week ago. Greystone Bassuk is negotiating a possible debt deal. Douglaston signed a 99-year ground lease […]



source https://therealdeal.com/2018/12/14/wanted-415m-in-construction-financing-for-douglastons-hudson-yards-project/

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