Designed by Handel Architects, the residential building has a brick, metal and glass façade that references the historic warehouses of the neighborhood. The building also features cascading private terraces with views of the Hudson River and Midtown Manhattan. 

The apartment complex has a 24-hour staffed lobby, fitness center, outdoor courtyard, 16th floor sundeck, pet care center, library, private screening room, storage lockers and bike storage. The interiors include kitchens with custom Italian cabinetry, Ceasarstone countertops, and stainless steel appliances. 

Of the 392 units, 79 of them are set aside for low income households at or below 60% of area median income.

Fletcher led the marketing of the debt, with the assistance of Greystone's managing director Matthew Klauer and associate Bryan Grover.

“This transaction required a strong partnership between New York State Housing Finance Agency, Wells Fargo and Greystone Bassuk” comments Chris Balestra, chief investment officer of Taconic.

“Taconic's disciplined investment approach and commitment to identifying and unlocking long-term value in emerging neighborhoods has made it one of New York City's most dynamic and successful developers,” says Fletcher. “525 is yet another example and has quickly become one of the most desirable buildings in Manhattan's burgeoning West Side.”