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Parkview Financial Provides Construction Loan for Condo Tower Near City Hall
Parkview Financial provided a $90-million construction loan to 1 Park Row Development, LLC, an entity of Circle F Capital, for the development of a 23-story mixed-use building at 1 Park Row in Lower Manhattan.
The 103,000-square-foot property will contain 58 residential condominiums, 19,000 square feet of office, retail condos and amenity areas. Demolition is now underway on an existing six-story office building, and project completion is anticipated for April 2023.
“1 Park Row will provide new, luxury product to the local market and is poised to have excellent timing for completion, as a full recovery from the pandemic is anticipated prior to its delivery,” said Paul Rahimian, CEO and founder of Parkview Financial.
The project is adjacent to City Hall, City Hall Park and the Financial District. New York-based Fogarty Finger is the project architect and the general contractor is New York-based MJM Associates Construction.
- ◦Financing

