787 Eleventh Ave., in Hell's Kitchen in Manhattan/ Image credit: The Georgetown Company
NEW YORK CITY—The Georgetown Company, a developer, owner and operator of real estate received $410 million in refinancing for 787 Eleventh Ave. provided by Société Générale. The real estate firm recently completed a redevelopment of the property that's between W. 54th and W. 55th streets on Manhattan's Far West Side in Hell's Kitchen.
Architect Rafael Viñoly led the redesign of the building, whose investors include Arnold Schwarzenegger, LeBron James and Jimmy Iovine.
The recently completed renovation includes a two-story penthouse on the top floors, floor-to-ceiling windows, exposed brick, large columns, 24-foot high ceilings and a 12,000-square-foot rooftop deck with a tennis court.
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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.
