The property is owned by a joint venture between Joy Construction and Maddd Equities under the YYY 62nd Street, LLC.
New York City real estate investment trust SL Green Realty Corp. has inked a lease with Amazon, totaling 335,408 square feet at 410 Tenth Ave.
The concept of live-work-play has changed the complexion of buildings as residents demand their living spaces provide greater amenities and engagement.
With borrowers willing to pay a premium rate in favor of more leverage and more flexible loan provisions, bridge lenders and alternative lending platforms are finding a robust pipeline of deal flow.
The New York-based REIT is bulking up its share repurchase program, adding $500 million in common stock for a total of $3 billion.
The 23,746-square-foot property features 32 residential units and one commercial unit. On the ground-floor is Corner Social Bar & Restaurant, a well-known staple and gathering spot in the neighborhood.
Covenant restrictions have challenged the ability of banks and other traditional institutions to compete on certain deals, leaving the gates open for alternative lenders.
Slated to open in 2020, Target leased 33,000 square feet from Tishman Real Estate Services for the small structure, a fraction of the size of its typical stores.
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