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799 Broadway Receives $187M Construction Loan

Developers proceed with plans to demolish the St. Denis hotel to build an office tower but community members voice concerns.

799 Broadway, architectural rendering 799 Broadway/ Image credit: Rendering by Binyan Studios in partnership with REA

NEW YORK CITY—Normandy Real Estate Partners and Columbia Property Trust received $187 million in construction financing from Apollo Commercial Real Estate for the planned development at 799 Broadway in the Village in Manhattan.

The 12-story, 172,000 square-foot office tower will comprise 147,688 square feet of office space, 12,688 square feet of community space and 21,929 square feet of retail and a gym. Designed by Perkins+Will, the new building will have terraces on each floor, oversized glass windows and ceiling heights of 15 to 17 feet.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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