NEW YORK CITY-The developer of the $1 billion-plus Sky View Parc project is looking to borrow about $150 million to finish the first stage of the development project. Onex Real Estate Partners, the general partner of the project, is trying to restructure a construction loan of $519.3 million with plans to borrow a further $144.6 million.
Sky View Parc, which sits on a 15-acre land in downtown Flushing, includes three 11-story towers comprising 448 apartments, a 2,400-car garage and a six-floor shopping center. For the full story, go to NY Post.
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