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Nov

09

Manhattan Tower Lands $479M Construction Financing

By Tony Seruga

Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.

A joint venture between Cove Property Group and an institutional partner has received $479 million in construction financing to redevelop Hudson Commons, a 25-story, 701,364-square-foot trophy office building in the Hudson Yards/Penn Plaza submarket of Manhattan.

HFF arranged the financing through investment funds managed by affiliates of Apollo Global Management, including Apollo Commercial Real Estate Finance Inc…

Manhattan Tower Lands $479M Construction Financing

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