NEW YORK | 550 West 29th St | 135 FT | 12 FLOORS


#1

Continuing the discussion from NEW YORK | “High Line District” (Special West Chelsea District):

NorthMarq arranges loan for new Tamarkin High Line building

By REW Staff
11:53 AM, AUGUST 14, 2014

NorthMarq Capital has arranged $27 million in loans for two apartment properties, including a tony High Line building by developer Cary Tamarkin.

Joseph DeRosa, vice president and Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York City, office arranged bridge financing in the amount of $13 million for 550 West 29th Street, a 12- story, 63,000 s/f . residential condominium development located in the West Chelsea area of Manhattan.

The transaction was structured as an interest only loan carrying a term of two years. NorthMarq arranged the deal for the borrower which is a joint venture between High Line Development Group LLC and Tamarkin Co.

“This development is situated a stone’s throw away from the popular High Line Park and will have unobstructed views of the Hudson River,” said DeRosa.


#2

9/16

This one is already halfway up.


#3

Topped out

11/19


#4


TECTONIC


#5

12/30


#6

Does anyone have a render for this?
ps: thanks for the update @JC_Heights


#7

Best I could find


#8

Thanks mate


#9

#10

That looks good!


#11

Last week


#12

had no idea about this… looks great!


#13

I agree


#14