Quote:
Originally Posted by HappyCapSlapper
Rechler himself confirmed in Oct 2025 that they have an anchor tenant in hand and expect to close on the fed financing package imminently. Then again he also claimed they would start swinging hammers before EOY 2025, but here we are. There are rumors around who's the potential anchor(s) but nothing concrete.
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Beyond who the actual (nearly) signed tenant is, nothing is said of how much space. The most important thing here is the financing, which will allow the construction to start. The federal financing package is expected to be in place "by" June. RXR still needs financing to fully finance the project ($1-2 Billion) beyond the $5 Billion in federal financing. That's where the recent meeting for investors comes into play.