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Taconic, National Close on $204M Construction Loan for Hell’s Kitchen Tower
Taconic Partners and National Real Estate Advisors, LLC closed on a $204-million construction loan with the Union Labor Life Insurance Company for their upcoming mixed-use residential building at 312 W. 43rd St. in Hell’s Kitchen.
Avison Young’s co-leads of Tri-State Debt & Equity Finance, Scott Singer and Andrew Singer, credited senior directors Alan Schwartz and Kathleen McSharry with spearheading the assignment.
The financing provides funding for vertical construction of the project, which will contain 330 luxury rental apartments and more than 40,000 square feet of retail.
“Taconic Partners is one of the most active real estate developers in the city and we’re proud to have closed our first transaction on their behalf,” said Scott Singer. “The closing of this ground-up construction financing is an exciting milestone in New York City’s ongoing and accelerating recovery as well as in Taconic Partners’ plans for building out their vision for 312 W. 43rd.”
- ◦Development
- ◦Financing

