The real estate investment firm received an $80 million loan secured by the Times Square property.
Non-optimal activities, limited technology use and labor issues continue to plague the construction and logistics industries, with the former accounting for $177.5 billion in US labor costs per year.
The project, dubbed SouthLawn, will add more than 600 residences, more than 15,000 square feet of retail space and a town green near the historic downtown.
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