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- - NEW YORK | 222 E 44th St (Summit)| 556 FT | 42 FLOORS (https://skyscraperpage.com/forum/showthread.php?t=217967)

NEW YORK | 222 E 44th St (Summit)| 556 FT | 42 FLOORS

Greystone Bassuk Closes $254M Bank of China Loan Facility for 222 East 44th Street

https://nyocommercialobserver.files....ring.jpg?h=510

BY DANIELLE BALBI JULY 16, 2015, 3:50 P.M.

Quote:

New York-based BLDG Management Company landed a rare, long-term financing for the development of an 80/20 property at 222 East 44th Street, in a deal brokered by The Greystone Bassuk Group, several sources told Commercial Observer.

Bank of China provided a 10-year, $254 million construction-to-permanent loan facility for the Midtown East multifamily development, which extends a full block between Second and Third Avenues, according to the brokers and sponsor.

The site will house a 43-story apartment tower with a multilevel parking garage and ground-floor retail space once the building is completed in 2017. The property, which is being financed under the 80/20 Housing Program, will contain 342 residential units at market-rate rent and 87 affordable units for households earning 60 percent of the New York City area median income or under.

The 441,000-square-foot tower will feature various amenities, including concierge and valet services, an indoor swimming pool, and other common areas.

[...]

Part of the old design competition:

Vision: 222 East 44th Street, Three Different Designs By Kaufman For Midtown East Residential Tower

BY: NIKOLAI FEDAK 7:00 AM ON FEBRUARY 12, 2015

http://www.yimbynews.com/wp-content/...Re46mCnAB.webp

Building App:

http://i.imgur.com/lXYLYdB.png?1

New Renderings of Handel Architects’ Torqued 43-Story Rental Underway Near Grand Central

http://www.6sqft.com/wp-content/uplo...yline-2-27.jpg

http://www.6sqft.com/wp-content/uplo...kyline-2-2.jpg
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http://www.6sqft.com/new-renderings-...edium=webfeeds

Quote:

Originally Posted by chris08876 (Post 7125215)

http://www.6sqft.com/wp-content/uplo...n-East-201.jpg

Credit: PeterQM

Interesting placement of tower given the price of land in Manhattan. Will this be a public park or private for the residence?

Part of the tower. Its a parking deck. Couple of developments in the city combine a parking deck with a mini park, but its all part of the residential development.

215 Christie is an example of another tower that does this. Although for that project, the residents get a little plaza but its part of the same parcel.

Cant explain why but it looks like a Chicago proposal. Would prefer it without the tacked on balconies but overall I really like it!

Quote:

Originally Posted by yaletown_fella (Post 7286187)

Cant explain why but it looks like a Chicago proposal. Would prefer it without the tacked on balconies but overall I really like it!

Odd for NYC, would also fit SF or anyplace other than Manhattan.

Quote:

Originally Posted by yaletown_fella (Post 7286187)

Cant explain why but it looks like a Chicago proposal. Would prefer it without the tacked on balconies but overall I really like it!

i think its that angle.. it looks like something that would be designed for a trapezoidal lot on the chicago river