NEW YORK | 1059-1061 Second Ave. | FT | 36 FLOORS

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„JLL Capital Markets arranged both the $39-million acquisition of two corner development sites at 1059-1061 Second Ave. and the $38 million in land and pre-development financing for a planned luxury residential development at the southwest corner of East 56th Street and Second Avenue in Midtown East.

JLL represented the developer, a joint venture between EJS Group and Krown Point Capital, in the acquisition of the two contiguous lots and associated air rights. The company also secured pre-development financing through Maxim Capital Group. The JV acquired the two parcels at 1059-1061 Second Ave. along with two air rights packages. JLL advised the partnership throughout the assemblage, acquiring the four buildings at the corner of 56th Street and Second Avenue and immediately selling the underlying buildings at 1055-1057 Second Ave. once the air rights were separated and transferred to the corner site.“

https://www.connectcre.com/stories/jll-represents-jv-in-acquisition-financing-for-midtown-east-luxury-development/

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Theodore Segal, president of real estate firm EJS Group, recently filed permits with the city for a 36-story building with 141 apartments at 250 E. 56th St., records show. EJS, which is based near Columbus Circle, is partnering with Midtown-based firm Krown Point Capital on the project.

The building would span a total of about 527,000 square feet, the majority of which would be residential. It would also include a 1,000-square-foot retail space on the ground floor, bike parking in the basement and a fitness room and co-working space for tenants, records show.

It would not include any car parking. The design firm Hill West Architects is listed as the architect of record.

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This is the same. We can merge

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Sadly, I cannot edit the topic. So, Mr. moderator, can you please edit the topic name? I found out that it’s about 36 stories.

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Where did you find that out?

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