NEW YORK — Plaza 鶹ýion has announced financing has been secured on the supertall 125 Greenwich Street project in New York City, enabling the resumption of construction after years of delays.
The 88-floor residential tower is located in the financial district and features 273 luxury condominium units. Sales will begin this fall, stated a release.
The building, designed by Rafael Vinoly, is 85 per cent complete. What remains is work around the podium, the pinnacle and removing the construction elevator.
A partnership between Bizzi & Partners and Fortress Investment Group was able to secure a $313 million loan from the Northwind Group allowing the project to resume.
“We are thrilled to see this incredible project moving forward,” said Thomas D’Ercole, executive vice-president of Plaza 鶹ýion, in a statement. “We are honoured to have been a part of this project and our team has been incredible from start to finish.”
The building offers 10-foot-high ceilings with floor-to-ceiling windows. The top three floors will consist of such amenities as a lap pool, spa, fitness centre and private club with views of New York City.
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