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$3.5B Bronx Mega-Project Seeks Debt and Equity
Developer Dynamic Star has appointed Meridian Capital Group to obtain equity and debt for Fordham Landing, a planned $3.5-billion development along the Harlem River in the University Heights neighborhood of the Bronx. The 40-acre project reportedly will be the largest private land assemblage along a body of water in New York City.
“Meridian’s first mission is to obtain $50 million of equity for Fordham Landing, followed by securing $100 million in debt financing for the multi-phased project,” said Gary Segal, Dynamic Star’s CEO. Meridian’s Steven Adler has been assigned to seek equity, while colleagues Ronnie Levine, Shamir Seidman, Thomas Wayda and Shlomo Weissberg will obtain debt financing.
The mixed-use Fordham Landing will total 2,380 residential units, including 720 affordable units, along with student housing, a public school, life sciences research center, retail and commercial office space, an e-sports arena, public facilities for the neighboring community and new waterfront access.
For comments, questions or concerns, please contact Paul Bubny
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