The document outlines an office and retail development project in the Bronx, NY, detailing the project's type, estimated equity commitment, total cost, size, and partner. It highlights the project's strategic location, transportation access, and potential for strong leasing interest due to limited new office development in the area. The sponsor owns the site through a 99-year ground lease, and the project is ready to commence construction with full entitlements. A structured transaction is proposed, offering strong equity-like returns with a debt-like risk profile.
doj/DataSet10/EFTA01375661.pdf
{"title":"Office and Retail Development (Bronx, NY)","document_type":"tabular","key_locations":["Bronx, NY","Mott Haven","Grand Concourse"],"document_subtype":"project overview","key_organizations":["Signature Urban","GTIS Qualified Opportunity Fund LLC"],"reference_numbers":["DB-SDNY-0071217","SDNY_GM_00217401","EFTA01375661"]}