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SL Green pays $18M to buy air rights for FiDi resi tower

The air rights covered in the transaction appears to already be included in SL Green’s plans for the site. Previous reports outlined that development rights from the MTA would allow SL Green to construct a building that’s approximately 200,000 square feet in size. SL Green’s permit application from last August outlined plans for a 201,800-square-foot building.

a rendering which may depict a previous iteration:

 

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SL Green lands $225M construction loan for Lower Manhattan apartment tower

SL Green Realty picked up a $225 million construction loan for its planned rental tower in Lower Manhattan.

Singapore lender United Overseas Bank and the German bank Helaba provided the construction financing for the 209-unit development at 185 Broadway, SL Green announced Friday.

The company plans to go vertical on construction of the 31-story, 260,000-square-foot mixed-use building in the first quarter of next year.
 

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This looks like something on the Queens waterfront, not the Financial District directly above an entrance to the Fulton Center Station! I predict a very bland Alucobond cladding
 
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