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NEW YORK CITY-SK Development, Ironstate Development and the Chetrit Organization plan to launch construction immediately on their 10 Bond Street luxury apartment building in Soho, now that the joint venture has secured a $31.1-million senior loan from Canyon Capital Realty Advisors LLC. Designed by Selldorf Architects, the project will consist of eleven residential co-ops and a retail condominium. “We continue to be very interested in the Manhattan residential market, and are pleased that our construction financing will pave the way for the transformation of an underutilized site into a true residential jewel box,” says Canyon’s Jonathan Roth. A first-quarter 2015 completion is anticipated.

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