Meatpacking District office project lands $40M construction loan

A boutique office building coming to the Meatpacking District has landed a roughly $40 million construction loan from G4 Capital Partners. The loan is for Noviprop and Plus Development’s 10-story, 34,364-square-foot project at 76 Eighth Avenue, and HFF arranged the financing, according to the brokerage. Noviprop is a family-run firm that’s held the site since the 1980s, records show, and Plus Development is a development firm with offices in new York, Los Angeles and Dubai. The […]

source https://therealdeal.com/2019/03/13/meatpacking-district-office-project-lands-40m-construction-loan/

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