The SocGen loan backs the renovation project in the Far West Side neighborhood, Hell’s Kitchen.
With Macy’s expansion, plus a hospital lease, Tishman Speyer’s 1.2 million square-foot LIC, Queens project is fully occupied months before completion.
At present, the moratorium does not affect New York City, which is served by Con Edison. However, on its website, Con Edison stated, “We continue to accept new gas customer applications in New York City. We will continue to monitor increases in customer demand and our ability to meet that demand with traditional supplies or clean alternatives in our New York City gas service area.”
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