Posted Apr 11, 2011, 2:03 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,916
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Quote:
Originally Posted by RobertWalpole
By the way, I have a friend who works for CIM who stated that this tower will exceed 1,000 feet.
http://www.observer.com/2011/real-es...aunted-assets#
Stirrings at Two Haunted Assets
By Laura Kusisto
April 6, 2011
With financing for development sites still virtually frozen, CIM Group has received a $30 million mortgage from Pacific Northwestern Bank on the former home of the Gilded Age hotel, according to public records.
...Sources said CIM still plans to build on the cluster of properties at 434 Park Avenue, as well as 38, 40, 44 and 50 East 57th Street. The company did not respond to requests for comment.
A quiet, but increasingly powerful player on the Manhattan development scene, CIM has also helped pay off loans held by iStar on the Beaver House site at 15 William Street. |
Well, as they say, it's all in the details. With all of the towers planned for the westside, the eastside needs a few more high profile towers to keep up.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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