Ron Moelis’ L+M Development Partners and Lendlease are moving forward with a 42-story tower in Morningside Heights. The joint venture scored a $250 million construction financing package from Barings for a mixed-use development at Columbia University-affiliated Union Theological Seminary, Commercial Observer reported. The tower at 100 Claremont Avenue will be attached to the seminary, which sold the air rights to L+M in 2018. JLL’s Christopher Peck and Scott Aiese brokered the financing for L+M and
source https://therealdeal.com/2020/06/26/lm-lendlease-snag-250m-loan-for-uws-tower/
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