![]() The entire development has more than 100,000 sq. The developer says each of Waterline Square’s newly constructed buildings will be residential, featuring condominium residences that crown each tower with what are described as sweeping views of the Hudson River and Manhattan skyline. and will complete this waterfront neighborhood’s master plan vision that has been underway for more than two decades. to West 61 St., GID says Waterline Square is being developed on the last remaining waterfront sites on Riverside Blvd. Located along the Hudson River from West 59 St. GID says three architects including Richard Meier & Partners Architects, Viñoly Architects, and Kohn Pedersen Fox Associateswere commissioned to design the collection of three residential and mixed-use buildings, which will be set upon a landscaped park spanning approximately three acres, all of which will be developed and completed simultaneously. “The combination of amazing location, unprecedented amenity program, new park and open spaces, outstanding views, along with a collection of three of the world’s most celebrated architects will position Waterline Square at the forefront of New York City’s truly great development endeavors and luxury residential offerings,” he said. “This financing package reaffirms our confidence in this unique Manhattan waterfront development and our design and development team’s ability to create the most innovative, comprehensive, and cohesive residential experience in New York City.” “We are extremely pleased to have closed on this sophisticated transaction with the most highly regarded investment partners and real estate lending institutions in the world,” GID Development Group president James Linsley said in a statement in late November. The New York and Boston teams of HFF had an advisory role on the financing arrangement. The $2.3 billion total package is believed to be the largest for a residential construction project ever in New York City history, consisting of equity investments from the development’s ownership team of GID and the Henley Holding Company, a wholly owned subsidiary of the Abu Dhabi Investment Authority, and a $1.243 billion construction financing provided by a bank syndicate led by Wells Fargo as Administrative Agent along with co-lead arrangers HSBC, National Bank of Abu Dhabi, and JP Morgan. Two Class B Mall Redevelopment Projects Near Atlanta, St.GID Development Group (GID) has announced the closing of what it says is the largest residential construction financing of the year, for Waterline Square, a three-building luxury residential development under construction on Manhattan’s Upper West Side along the Hudson River. ![]() ![]() NAP Gains County Approval for Redevelopment of Avenue East Cobb Shopping Center in Metro Atlanta JToro Development to Redevelop Office Campus in Metro Atlanta for Mixed-Use Destination JGreen Brick to Build $400 Million Mixed-Use Campus in Suburban Atlanta June 17, 2022 Other development partners on the project include Brasfield & Gorrie as the general contractor Dwell Design Studio as the architect Site Solutions as the landscape architect and Elkus Manfredi as the master plan architect.įive New Retailers to Open at Lee + White in Atlanta’s West End OctoStonecrest Resorts Signs 12 Tenants as Part of Stonecrest Mall Redevelopment in Metro Atlanta OctoSJC Ventures Signs New Tenants to Join Phase II of Interlock Project in Atlanta August 29, 2022 In October of this year, Ed Coco and Matt Casey of JLL Capital Markets arranged a construction loan through Bank OZK on behalf of GID for the first phase of the project. Molly Morgan and Allie Spangler of JLL are leading leasing efforts for the retail portions of the project. The entertainment concept will occupy a 26,000-square-foot space and feature four tech-driven, mini golf courses. Puttshack was the first anchor tenant to be announced for the project in September and will open as part of the first phase of High Street. Upon completion of all phases, High Street will encompass 672,000 square feet of Class A office space, a 400-key hotel, 400,000 square feet of curated shopping, dining, fitness and entertainment and 3,000 residential units. Located at the intersection of Perimeter Center Parkway and Hammond Drive, High Street will be situated close to the Dunwoody MARTA Station. Phase I of High Street will deliver 150,000 square feet of retail and restaurants and an approximately 7,500-square-foot lawn. Atlanta - GID Development Group has broken ground on the first phase of High Street, a $2 billion, 36-acre mixed-use development in Atlanta’s Central Perimeter.
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