X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The 106 W. 56th St. office building will be developed by a joint venture of Savanna and Atom Assets. The 106 W. 56th St. office building will be developed by a joint venture of Savanna and Atom Assets.

NEW YORK CITY—Real estate developer Savanna reports it has closed on a construction-financing package totaling approximately $100 million on its planned 26-story Midtown office building at 106 W. 56th St.

New York City-based Savanna and joint venture partner Atom Assets expect to commence vertical construction of 106 W. 56th St. in early 2018, with completion scheduled for the third quarter of 2019. Atom Assets is a real estate investment platform designed for Asian family offices and high net worth individuals.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.