NEW YORK CITY—National real estate investor/developer Lightstone has closed on the financing for 130 William, a new planned luxury development in the Financial District. The $305 million loan is financed by Mack Real Estate Credit Strategies.
The property will stretch 800 feet high and the building will be one of the tallest in Lower Manhattan. Plans for the development include luxury condominiums and a host of amenities.
There will be two floors of amenity spaces that will include a wine cellar, pet spa, pool, sauna and massage room, fitness center, basketball court, yoga studio, lounge and game room, screening room, children's play area, and a rooftop observatory terrace offering expansive views.
Construction has already commenced and sales are expected to begin in early 2018.
“We had strong demand from the lending community for this loan. It was a complicated and obviously large transaction,” says Lightstone president Mitchell Hochberg. “The Mack team's knowledge of development and keen understanding of its nuances was instrumental in its consummation.
He continues, “130 William Street will be a world class luxury condominium with amazing views of the New York Harbor, Manhattan and Brooklyn. It will be one of the tallest buildings in Lower Manhattan and we're proud to be developing what will be a remarkable 800-foot luxury condominium, complete with superior amenities.”
The property will stretch 800 feet high and the building will be one of the tallest in Lower Manhattan. Plans for the development include luxury condominiums and a host of amenities.
There will be two floors of amenity spaces that will include a wine cellar, pet spa, pool, sauna and massage room, fitness center, basketball court, yoga studio, lounge and game room, screening room, children's play area, and a rooftop observatory terrace offering expansive views.
Construction has already commenced and sales are expected to begin in early 2018.
“We had strong demand from the lending community for this loan. It was a complicated and obviously large transaction,” says Lightstone president Mitchell Hochberg. “The Mack team's knowledge of development and keen understanding of its nuances was instrumental in its consummation.
He continues, “130 William Street will be a world class luxury condominium with amazing views of the
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
