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NEW YORK CITY-Anbau Enterprises has secured a mezzanine loan for the construction of a residential condominium on the Upper West Side. The firm plans to begin construction on the $52-million effort later this summer.

The site is located at 120 West 72nd St. between Columbus and Amsterdam avenues. The development will have less than 30 units. Initial residences scheduled for delivery in late 2007. The 60,000-sf, 16-story building will have a 4,000-sf first floor commercial space and a residents' recreational center located at the garden level. GoldenTree InSite Partners provided the mezzanine part. Senior financing was provided by Fremont Investment & Loan.

"The Upper West Side contains some of the most desirable apartments in New York City and our site is less than a block and a half from Central Park," explains Stephen Glascock, president of Anbau. "Our building's unique facade will have a mixture of brick and bay windows and will possess an architectural character that will complement the surrounding neighborhood."