Antares has what it needs to press on with waterfront redevelopment.Antares Investment Partners announced that it has secured a $103 million loan from Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. Commercial Mortgage Capital under its Transitional Loan Program and RBS RBS Royal Bank of Scotland RBS Role Based Security RBS Rollback Segment RBS Rare Book School (University of Virginia) RBS Rural Business Cooperative Service RBS Ribosome Binding Site (genetics) Greenwich Capital. Funds from the loan will allow Antares to proceed with the next steps in the redevelopment of Stamford's waterfront along the South End. The loan will repay all existing debt on the property, and will fund predevelopment expenses for the next eighteen months of the project. "We are on track to deliver to Stamford a revitalized re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. South End that will create jobs, tax revenues, and $2 Billion in new investment to the region," said James Cabrera, managing partner for Antares. "Our project team is excited to move forward with the next steps of turning Stamford's South End into one of the most significant waterfronts along the East Coast." The capital from the loan will be used to complete the following steps in the development process: creation of a comprehensive master plan for the 82- acre project, zoning approval, demolition of the Pitney Bowes  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . main plant and ancillary buildings, rehabilitation rehabilitation: see physical therapy. of the former Pitney Bowes headquarters, and commence environmental remediation Generally, remediation means providing a remedy, so environmental remediation deals with the removal of pollution or contaminants from environmental media such as soil, groundwater, sediment, or surface water for the general protection of human health and the environment or from a at the properties. Some $2 billion in new investment is expected to be generated from this renaissance project. Preliminary concepts include a wide mix of residential types and prices, including a significant affordable component, supported by neighborhood retail. |
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