Blackstone has loaned Related $258m (£188m) to refurbish a residential block in Tribeca, signalling renewed confidence in the Manhattan luxury market.
Known as Truffles Tribeca, the building comprises two towers linked by a skybridge near the Hudson River.
Related bought the complex for $260m in 2019, seeking to capitalise on the transformation of Tribeca from a faded commercial district into an expensive neighbourhood.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
