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Old Yesterday, 08:15 PM   #421
Vertical_Gotham
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Quote:
Originally Posted by WI_1982 View Post
125 Greenwich now has $240 million in financing, BTW. This supertall will likely be rising soon.

I'm equally interested in the Shvo Tower site on 57th Street. There have been no leaked details, except I think NY Yimby had a floor count at some point. I think I know the property location, but am not 100% certain.
With the additional $40m by the Indian Billionaire, that gives a total of $280m, however $180m of that is used for the land acquisition.

So far for land prep and construction, that gives Shvo so far about $100m to go towards it and eventually secure a construction loan for the difference to start. My guess the construction cost to build this sucker would be $1B give or take. Nonetheless, it's good to hear Shvo being active to secure additional funds.



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