Tuesday, June 30, 2015

JDS, PMG secure $725M loan for 111 West 57th St.

Rendering of 111 West 57th Street (credit: Hayes Davidson/SHoP Architects) (inset: Kevin Maloney and Michael Stern)

Rendering of 111 West 57th Street (credit: Hayes Davidson/SHoP Architects) (inset: Kevin Maloney and Michael Stern)

Michael Stern’s JDS Development and Kevin Maloney’s Property Markets Group secured a $725 million construction loan from AIG and Apollo Global Management, paving the way for the rise of their supertall residential tower at 111 West 57th Street. (more…)

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