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4650 Broadway
Update
04/20/23
Developer Lands $150M Loan for Inwood Tower Project
Developer, , has just secured a $150 million loan for a 20-story, mixed-use tower, rapidly rising at 4650 Broadway in Manhattan's Inwood neighborhood. Issued by Mexican financial institution, Inbursa, this influx of capital will be used to fund all construction costs associated with the project.
General contractor, , and subcontractor, Highbury Concrete, have made significant progress recently in forming the superstructure. It now stands approximately 15 stories tall, with around 5 floors left to go. According to Highbury, the project will ultimately require 16,000 cubic yards of concrete and 1,640 tons of steel rebar.
The highrise will contain rental apartments, as well as square feet of retail space. Plans also call for 78,170 square feet of community facility space, and an enclosed, basement-level parking garage, with enough room for vehicles.
Designed by , the structure will stand feet tall and total square feet. Construction is estimated to finish by 2025. The new development replaces a 2-story parking garage building, which used to contain a dealership for the long-defunct automobile manufacturer, Packard.
