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  #1  
Old Posted Jul 17, 2015, 3:41 AM
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Smile NEW YORK | 212-226 E 44th St | 556 FT | 42 FLOORS

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



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



Building App:

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  #2  
Old Posted Aug 11, 2015, 2:37 PM
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Old Posted Oct 17, 2015, 2:54 PM
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New Renderings of Handel Architects’ Torqued 43-Story Rental Underway Near Grand Central




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http://www.6sqft.com/new-renderings-...edium=webfeeds
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Old Posted Oct 17, 2015, 2:57 PM
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  #5  
Old Posted Oct 19, 2015, 3:30 AM
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Interesting placement of tower given the price of land in Manhattan. Will this be a public park or private for the residence?
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Old Posted Oct 19, 2015, 4:33 AM
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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.
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Old Posted Jan 3, 2016, 3:12 AM
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Cant explain why but it looks like a Chicago proposal. Would prefer it without the tacked on balconies but overall I really like it!
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Old Posted Jan 3, 2016, 5:30 AM
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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.
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Old Posted Jan 10, 2016, 7:17 PM
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Originally Posted by yaletown_fella View Post
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
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Old Posted Oct 23, 2016, 2:57 PM
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Old Posted Jan 7, 2017, 12:56 AM
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Old Posted Feb 26, 2017, 3:05 PM
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Old Posted Mar 9, 2017, 2:47 AM
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