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$338m loan stirs up interest in Maxwell development.


Hypo Real Estate The Hypo Real Estate Holding AG (ISIN: DE0008027707) is based in Munich, Germany and comprises three banks:
  • Hypo Real Estate Bank International AG
  • Hypo Public Finance Bank
  • Hypo Real Estate Bank AG
 Capital Corporation the New York-based subsidiary of Hypo Real Estate Bank International closed a $338.3 million construction loan in March for the first two phases of the development of Maxwell Place on the Hudson, a luxury condominium community in Hoboken.

Maxwell Place is located at 1025-1125 Maxwell Lane on the Hudson River Hudson River

River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629.
, the former Maxwell House Maxwell House is a brand of coffee manufactured by a like-named division of Kraft Foods. It is named in honor of the Maxwell House Hotel in Nashville, Tennessee. For many years until the late 1980s it was the largest-selling coffee in the U.S. and is currently (ca.  Coffee manufacturing facility site. When completed, the community will total four buildings, consisting of approximately 832 residential units, 1,524 parking spaces and approximately 206,000 s/f of commercial space. Maxwell Place will be one of the most extraordinary condominium developments ever built on New Jersey's Gold Coast. Offering an exceptional standard of luxury urban living, Maxwell Place will feature a number of top tier amenities, including spectacular direct views of Manhattan, a residents' club, rooftop pool, full-service fitness center and 24-hour concierge service.

Developed by PT Maxwell, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a joint venture of Pinnacle Downtown and Toll Brothers' City Living subsidiary, Maxwell Place represents a collaboration between two of the industry's premier development companies. Award winning, internationally recognized architect Michael Graves Not to be confused with Michale Graves.

Not to be confused with Michael Graves (poker player).

Michael Graves (b. July 9, 1934) is an American architect. Identified as one of The New York Five, Graves has achieved his greatest fame with his designs for domestic
 designed the lobbies and interior space at Maxwell Place with Hoboken's Dean Marchetto serving as Master Plan Architect.

"We are proud to be working with Pinnacle and Toll Brothers on this historic condo development," said Evan F. Denner, head of real estate finance for HREC HREC Hospitality Real Estate Counselors
HREC Health Record
HREC Haringey Race Equality Council (UK local government)
HREC Hunt Real Estate Corporation
.

"We are also pleased to continue our market leadership position providing financing solutions to many of the region's most visible and noteworthy residential development projects."
COPYRIGHT 2005 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Construction & DESIGN
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 20, 2005
Words:252
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