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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.

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