$25M sought for downtown condos.Sonnenblick Goldman has been exclusively retained by AS Realty Partners to arrange the $25 million construction financing for the development of two luxury apartment buildings in lower Manhattan The following is a list of buildings in Lower Manhattan, particularly New York City's financial district, and especially Wall Street. Wall Street
n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. NoHo. The properties will sit on individual lots and are available to be financed together or individually. Both buildings are being constructed using a revolutionary high-design/low-cost prefabricated pre·fab·ri·cate tr.v. pre·fab·ri·cat·ed, pre·fab·ri·cat·ing, pre·fab·ri·cates 1. To manufacture (a building or section of a building, for example) in advance, especially in standard sections that can be easily shipped and modular system that will serve to significantly lower both hard and soft construction costs, as well as cut overall construction time due to the speed of factory production. Additionally, AS Realty Partners will be seeking a LEED Silver rating for both projects, which will be built to "Green" specifications. "Unless you have a historical basis in a site, there are not that many opportunities to finance luxury ground-up apartment buildings because of current land values and high construction costs," said Dave Karson, director at Sonnenblick Goldman. "However, the cutting-edge modular technology being used here makes this project possible and may have a major impact on the way developers look at land development going forward." 135 Crosby Street will be an eight story residential building that will feature 11 luxury rental units and ground-floor retail. The building will feature unique exterior elements, most notably a floating section interlocked with a slender eight-story glass, terra-cotta and metal tower. 372 Lafayette Street will consist of eight luxury rental units, including two duplex penthouse apartments
A penthouse apartment or penthouse is a special apartment that is at the top of the building and differentiated from other apartments in the building by , through its five floors. The facade of 372 Lafayette Street will also incorporate unique design with a full-height glass curtain wall curtain wall Nonbearing wall of glass, metal, or masonry attached to a building's exterior structural frame. After World War II, low energy costs gave impetus to the concept of the tall building as a glass prism, an idea originally put forth by Le Corbusier and Ludwig Mies with red-painted frames facing Lafayette Street and a red corrugated cor·ru·gate v. cor·ru·gat·ed, cor·ru·gat·ing, cor·ru·gates v.tr. To shape into folds or parallel and alternating ridges and grooves. v.intr. metal rain-screen facade on the north side facing Great Jones Street. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion