Victor Homes pitching NoMad tower to EB-5 investors: report

Victor Homes pitching NoMad tower to EB-5 investors: report

Victor Homes is reportedly shopping a 51-story Rafael Viñoly design for a condominium tower at 281 Fifth Avenue to foreign investors.

Massing diagrams revealed to potential EB-5 investors show a cantilevered design to rise at the corner of Fifth Avenue and East 30th Street, in the NoMad section of Midtown South, according to New York YIMBY. The proposed design includes 250,065 total square feet, to be spread over ground floor retail and luxury residences on the upper levels. The developer paid $99 million for the site in June, acquiring the three-story site of a former deli in addition to a package of development and air rights that were amassed by former owners Kushner Real Estate Group and Ironstate Development Company.

The article was first reported in The Real Deal on Dec. 22. 2014

States

  • New York


Securities Disclaimer

This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.