Midtown Equities to take stake in long-delayed Battery Maritime project

The Cayre family’s Midtown Equities is planning to take about a 30 percent stake in the Battery Maritime Building hotel project. The equity stake would put construction on the conversion project back on track and could be completed in 2020, Crain’s reported. In June, an official from the development corporation said Midtown Equities plans to issue a mezzanine loan to the project this month. After the deal is closed, the developer will convert the loan […]

Read Full Article >> https://therealdeal.com/2018/08/16/midtown-equities-to-take-stake-in-long-delayed-battery-maritime-project/

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