$500M loan granted for tallest tower in Queens, New York

Developers of the 67-story Court square city view tower in Long Island City, New York, have secured a $502 million construction loan for the building, which will be the tallest residential tower in Queens when completed, reported GlobeSt.com. Total project costs are estimated to be $700 million, according to The Real Deal. Meridian Capital Group of New York City negotiated the deal for the development team of United Construction & Development Group, FSA Capital and Risland U.S. Holdings, LLC.

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The development team behind 23-14 44th Drive in Long Island City, Queens, has closed on a $502 million construction loan from JP Morgan.

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Queens’ Tallest Tower Gets a $500M Loan July 10, 2018 August 27, 2018 David Brand 424 Views 0 Comments development , hill west architecture , long island city , supertall , tallest tower The 67-story long island city complex with be the tallest residential building in Queens.

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Columbus Ohio Dump Truck Company Brief:Developers of the 67-story Court Square City View Tower in Long Island City, New York, have secured a $502 million construction loan for the building, which will be the tallest residential tower in Queens when completed, reported GlobeSt.com.

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