these towers have a lighting scheme at night where the arches around the balconies light up. Looks great
I was under the impression that an arch requires a curved form.
Chess Builders has nabbed $125 million of permanent financing for its Bronx multifamily development, Commercial Observer has learned.
Valley National Bank spearheaded the transaction for the firm’s newly constructed 430-unit The Arches property in the Bronx’s Mott Haven section. Bethpage Credit Union, Bayonne Community Bank and Bankwell Bank also participated in the financing.
Brooklyn-based based Chess Builders recently sold The Arches’ fee position for $105 million to Haven Capital , The Real Deal first reported. Chess Builders also secured a long-term leaseback for a 99-year ground lease, per TRD.
Meridian arranged both of the sales transactions.
Grand Concourse South by Edgar Omar, on Flickr
