NEW YORK, NY – Privately-owned real estate investment and advisory firm Vanbarton Group has procured $272.5 million in construction financing to reposition a 533,000-square-foot office property into multifamily apartments in Manhattan's Financial District.
The loan was provided by Brookfield Real Estate Financial Partners.
Vanbarton Group will convert the 24-story office building at 160 Water St. into a 30-story multifamily property, which will feature 588 units.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
