Developer Secures US$86 Million Loan for Manhattan Skyscraper

111 Washington Street development site (formerly 8 Carlisle Street); image courtesy of New York YIMBY

Grubb Properties will receive a US$86 million loan to build a residential skyscraper at 111 Washington Street in Manhattan’s Financial District, New York YIMBY reports. Plans show a 64-story tower with more than 326,00 ft2 of interior space. The mixed-use development will contain a ground-floor retail tenant, up to 460 rental apartments and a variety of lifestyle-oriented amenity spaces. Renderings show a series of stepped cantilevers that rise to cover the corner entrance to the double-height lobby, which will feature a curtain wall composed of floor-to-ceiling glass and light-colored mullions. Financing was secured by Naftali Credit Partners. Site excavation has begun, and a 2026 construction completion date is expected.

Get more of Elevator World. Sign up for our free e-newsletter.

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

ELEVATOR SHAFT WORK CONFIRMED IN WAKE OF DEADLY BANGKOK TOWER COLLAPSE

Elevator Shaft Work Confirmed After Bangkok Tower Collapse

image via The Manufacturer

Council Event Tackles Skills Gap Across Kent and Midway, U.K.

STATE OF ILLINOIS APPROVES COLLEY ELEVATOR CE COURSE

State of Illinois Approved Colley Elevator CE Course

SUBMIT YOUR PROJECT FOR THE EW PROJECT OF THE YEAR AWARDS

Submit Your Project for EW Project of the Year Awards

FOCUS MEDIA TO BUY ELEVATOR ADVERTISING SPECIALIST XIANCHAO

Focus Media To Buy Elevator Advertising Specialist Xianchao

DRAKA EHC ANNOUNCES REGISTRATION FOR GOLF CLASSIC

Draka EHC Announces Registration for Golf Classic

CECA CONVENTION IS SEEKING A SPEAKER FOR CONTRACTOR BREAKFAST

CECA Convention Seeks Speaker For Contractor Breakfast

INDIA’S CCI GREENLIGHTS ATC’S STAKE IN TKE AND SAUDI JV

India’s CCI Greenlights ATC’s Stake in TKE and Saudi JV