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Newmark Secures $985M for Two-Tower West Village Residential Project
Newmark Group arranged a $985-million loan on behalf of Zeckendorf Development, Atlas Capital Group and The Baupost Group LLC to fund construction of 80 Clarkson, an ultra-luxury condominium development in Manhattan’s West Village. The firm’s Jordan Roeschlaub and Chris Kramer, in collaboration with Jonathan Firestone, secured the funding from Cale Street Partners and Farallon Capital Management.
“We’re proud to have arranged this financing by bringing together two unique sources of capital,” said Firestone. “This complex, highly structured financing package will enable construction of a skyline-defining property that is truly one of one in the city.”
Zeckendorf Development, known for projects such as 15 Central Park West, 520 Park Ave. and 18 Gramercy Park South, is leading the design and development of the property. Sales are scheduled to launch next year, with completion expected in 2026 and 2027.
Connect CRE first reported in July that the project had secured financing; however, fewer details were available at that time.

