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Nearly $94M Funds Luxury Condo Construction

NEW YORK CITY-SDS Procida Development Group is finalizing plans for the Dillon, an 85-unit building on the Westside.

By Melissa Kress | Updated on October 25, 2007

(Read more on the debt and equity markets and the multifamily market .)

NEW YORK CITY-SDS Procida Development is shoring up plans for the Dillon, an 85-unit residential building, now that it has closed $93.5 million in construction financing for the project. The Dillon is set to rise at 425 W. 53rd St.

Totaling approximately 204,403 sf, the luxury property will include simplex, duplex and triplex townhouses with underground parking and outdoor courtyards, according to SDS Procida. The developer declined to release specific details on the Dillon, including unit sizes and prices, before the plans are finalized.

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