255 East 77th Street Update 12/02/24

Developer Lands $140M Loan for Lenox Hill Tower Project

Developer, 

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, has just secured a $140 million loan for a 33-story, residential tower project, going up at 255 East 77th Street in Manhattan's Lenox Hill neighborhood. Issued by J.P. Morgan, this influx of capital will help to fund construction costs.

The new building is set to contain

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luxury condo units. Plans also call for
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square feet of ground-floor retail space, and an enclosed parking garage, with enough room for
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vehicles. Tenant amenities are to include a swimming pool, a fitness center with a yoga studio, a treatment room with a sauna, a roof deck, a resident lounge, and a mailroom.

Designed by Robert A.M Stern Architects (RAMSA), with Hill West serving as the architect of record, the tower will stand

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feet tall and total
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square feet. In December of last year,
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secured an initial, $236 million construction loan for the project, from J.P. Morgan. 
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 is serving as the general contractor, and work is anticipated to finish by the fall of 2026.

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