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New York & Tri-State  + New York + Uptown/Bronx  + Retail  |  April 18, 2023
Emily Fu
By: Emily Fu

Arden Group Lands $150M for Upper Manhattan Mixed-Use Project  

Arden Group has secured a $150 million construction loan from Banco Inbursa for a 19-story mixed-use asset in Upper Manhattan’s Inwood. 

Located at 4650 Broadway, the property will comprise 222 residential units with an 80,000 square feet charter school, 38,000 square feet of retail, and underground parking spaces.  

Newmark arranged the loan on Arden’s behalf with a team led by Jordan Roeschlaub and Dustin Stolly, along with Chris Kramer. The residential units will occupy the fourth through 19th floors and feature amenities such as a rooftop terrace with views of Manhattan and New Jersey. The project is set to welcome its first residents in the summer of 2024. 

Read More News Stories About: Newmark
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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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