Atlantic Station
NEW YORK CITY- RXR Realty has completed a $97 million loan for a mixed-use project in Stamford, CT. The financing will fund the Atlantic Station II, a luxury residential building, comprised of 325 units and 48,000 square feet of retail at 405 Atlantic St.
Jones Lang LaSalle arranged the deal on behalf of RXR, securing a floating rate construction loan from Bank OZK. The loan for Atlantic Station Phase II follows the completion of Atlantic Station Phase I at 335 Atlantic, consisting of 325 luxury condo-like rental units. Delivered in January 2018, the first phase experienced strong leasing velocity due to heavy demand.
The retail component for Phase II is 100% pre-leased to three tenants, who include The Learning Experience, Work Well Win and Dogtopia. The property features sweeping views and amenities that include a 24-hour staffed lobby, a fitness center with floor-to-ceiling glass, resident lounge, outdoor landscaped deck and an elevated swimming pool deck. Units will feature nine-foot ceilings, balconies, hardwood floors, stainless steel appliances, stone countertops, and in-unit washers and dryers.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
