1 Park Row Update 06/14/24

Developer Lands $50M Loan to Finish 1 Park Row

Developer, , has just secured a $50 million loan for 1 Park Row; a topped-out, 23-story, mixed-use tower, going up in Manhattan's Financial District. Issued by 3650 REIT, this influx of capital will be used to finish off construction.

The building is set to contain condo units, offered in one, two, and three-bedroom configurations.

Tenant amenities are to include a fitness center, a package room, a roof terrace, and a children’s playroom. Plans also call for nearly 19,000 square feet of retail and office space, spanning the bottom three floors of the structure, as well as part of the cellar level.

Designed by , with  serving as the general contractor, 1 Park Row stands feet tall and totals square feet. Back in June of 2021, also obtained a $90 million construction loan from Parkview Financial. The project is ultimately expected to complete before the end of the year.

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