Landlords GFP Real Estate and Northwind Group have secured a $100 million loan from Capital One to refinance their 40 Exchange Place office building in the Financial District, three years after acquiring the property.
A forthcoming rental building on the Upper West Side has undeniably luxurious extras, including a library lounge, a hair salon and a movie theater. There’s just one catch: You have to be a senior citizen to live there. 305 West End Residences, near 74th Street, will be a sleek and shiny assisted-living facility with a memory-care wing that’s specially designed for individuals with dementia or Alzheimer’s.
THE NEW YORK outpost of the Ace Hotel chain is known for its vibrant lobby scene—full of creative types working on screenplays or pitching an app in development. This fall, the hotel will gain a sibling called Sister City, located on the Bowery, on Manhattan’s Lower East Side.
Ran Eliasaf’s Northwind Group, Harrison Street Real Estate Capital and the Engel Burman Group jointly picked up a 14story Upper West Side luxury senior housing facility at 305 West End Avenue for nearly $150 million, or about $800 per square foot.
Newmark, Northwind plan repositioning at 40 Exchange Place A 20 story, 300,000 sf office and retail building is located in the heart of the Financial District, near the New York Stock Exchange, the Fulton Street transportation hub and the World Trade Center complex.