US Edition
Joint Venture Receives $175M Construction Loan for Office-to-Residential Conversion in Lower Manhattan
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.3 Articles
3 Articles
Those converting vacant offices into apartments will soon be eligible for government funding. Federal Construction Minister Verena Hubertz (SPD) has launched a corresponding funding program entitled "Commercial to Residential," reports the "Bild" newspaper (Wednesday edition). The government will allocate €300 million from its special fund for this purpose. The grant does not need to be repaid. The details are to be published in the Federal Law…
Joint Venture Clears Path for Residential Conversion of Lower Manhattan’s Maritime Building at 80 Broad Street in the Financial District
Raymond Chalmé and Daniel Blanco’s Broad Street Development (BSD), in partnership with PCCP and One Investment Management, have completed the recapitalization and secured a $175-million construction loan, clearing the path for the adaptive conversion of the Maritime Building at 80 Broad St. in Manhattan’s Financial District. The joint venture will convert the 400,000-square-foot office tower […] The post Joint Venture Clears Path for Residential…
Joint Venture Receives $175M Construction Loan for Office-to-Residential Conversion in Lower Manhattan
NEW YORK CITY — A joint venture between Broad Street Development, Los Angeles-based PCCP and One Investment Management has received a $175 million construction loan for an office-to-residential conversion project in Lower Manhattan. The joint venture will convert the 400,000-square-foot office building at 80 Broad St., which is known locally as The Maritime Building, into a 326-unit apartment complex. Jordan Roeschlaub, Nick Scribani, Holden Wi…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
