17 Battery Place North, located at 2Washington St.
NEW YORK CITY—The Moinian Group's 17 Battery Place North,located at 2 Washington St., received financing of $131.5 millionfrom Square Mile Capital. The loan will pay for the developer'sconversion of the Financial District 398,000 square-foot officebuilding into a 345-unit residential property.
Next to Battery Park, the multifamily rental building will havemore than nine floors of amenities including a rooftop pool andlounge, simulated sports lounge, music studio, chef's kitchen,poker lounge and co-working spaces. Designed by CetraRuddy, thedevelopment has a different twist: It will offer mostly studio andone-bedrooms to attract a millennial and Generation Z community ofrenters.
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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.
