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National  + Finance  |  May 8, 2018
Dennis Kaiser
By: Dennis Kaiser

66-Story Manhattan Condo Development Snags $350M Construction Loan

Eastern Consolidated’s Capital Advisory Division secured a $350 million construction loan for a 66-story luxury condominium project under development by JD Carlisle Development Group and Fosun International at 126 Madison Ave. in New York. The NoMad project is also referred to as 15 East 30th St.

The 199-unit tower will total 400,408 gross square feet, and include 4,093 sellable square feet of retail and 290,953 sellable square feet of residential space. The building will feature such amenities as an indoor pool, private party room, dining room, lounge, fitness center and full-time doorman.

JD Carlisle assembled the condo development site from air and parcels including 132 Madison Avenue and 15 East 30th St. Foundation work on the project is finished, and the building is slated for completion in 2021.

Eastern Consolidated’s Adam Hakim, James Murad and Andrew Iadeluca arranged the loan with Bank of the Ozarks.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.
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