NOT FOR REPRINT
Page Printed from: globest.com/news/?page=25
Sign In To follow
The buyer is proposing to create a sports and entertainment destination site with affordable housing.
The intent is to preserve 35,000 rent-stabilized units affected by Signature Bank's collapse.
The 27-story mixed-use project will feature 400 market-rate and affordable rental apartments.
It is a full building lease totaling 1.6 million square feet.
Bank of America is buying the 2,000-asset portfolio from Washington Federal Bank.
This was the first last-mile retail investment for the REIT.
Travel + Leisure will occupy one of its offices as its corporate headquarters.
This is the city government's largest real estate transaction in recent memory.
Madison Realty Capital and Unity Capital provided the financing.
The 2,619-key resort is the only non-Disney owned hotel located on the grounds of Walt Disney World.