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
- New York
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