Search
 

Mink, Fimida and Wonder Works Get Financing for UES Condo Project

NEW YORK CITY—The joint venture plans to demolish a roughly 14,000-square-foot parking structure and build a nearly 65,000 multifamily tower on East 96th street, GlobeSt.com has learned EXCLUSIVELY.

By Rayna Katz | Updated on March 11, 2015

NEW YORK CITY—A joint venture comprising affiliates of Mink Development, Fimida Enterprises and Wonder Works Construction Corp. has taken out a $18.4 million pre-development bridge loan on 302 E. 96th St., Globest.com has learned EXCLUSIVELY. The loan on this residential development site, located on the Upper East Side, was arranged by Cushman & Wakefield and provided by G4 Capital Partners.

The sponsor of the loan intends to demolish the existing 14,405-square-foot parking structure and develop a 21-story 64,560 square foot residential condominium tower with ground floor retail. The site has unobstructed views and light to the north and is close to the Second avenue subway.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Nominate a Net Lease Expert

Nominate a Net Lease Expert

Ingrid Tunberg |

Do you know a professional and/or company that has helped shape the net lease sector? Submit a candidate for GlobeSt.'s Influencers in Net Lease recognition before May 29!

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.