|
|
 |
|
|
|
|
Press Release
|
Contact: Nick Derasmo (212.841.7505) |
|
|
|
Sonnenblick-Goldman Arranges $112 Million Construction Loan
and Joint Venture Equity for “A” Jersey City Condominium
Waterfront District Project to Capitalize on Growing
Demand for High-End Alternatives to Manhattan Living
|
|
|
Monday, May 01, 2006
-
New York, NY
-
Sonnenblick-Goldman, LLC, serving as financial advisor to The Athena Group, has arranged $112 million in debt and equity for the development of "A" Jersey City, a 33-story, luxury condominium project located at 389 Washington Boulevard in the heart of Jersey City’s Waterfront District.
Sonnenblick-Goldman arranged the construction loan for the development with Corus Bank, based in Chicago, and the joint venture equity with GoldenTree InSite Partners, based in New York City.
"The Athena Group is widely recognized by lenders and investors as one of the premier luxury condominium developers in the country,” said Steven Kohn, president of Sonnenblick-Goldman.
“This project will capitalize on the growing demand for Manhattan-style luxury residences within the Jersey City Waterfront District”, said Louis Dubin, president of The Athena Group.
"A" Jersey City will consist of 250 apartments, 10,500 square feet of ground-floor retail space and a 238-space parking garage on floors two through six. “The building will have a distinctive brick and glass façade, with each apartment boasting its own balcony and panoramic Hudson River or Manhattan skyline views,” says Ken Browne, the executive from The Athena Group in charge of the development.
Sonnenblick-Goldman previously arranged financing for several other residential development projects by The Athena Group, including 43 West 64th Street and 838 Fifth Avenue, both in New York City.
|
|
|
Sonnenblick-Goldman, LLC is the industry’s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman, LLC provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. Headquartered in New York, Sonnenblick-Goldman maintains offices in San Francisco, Boston, Hong Kong, Shanghai, Sydney and Tokyo. Further information can be found at Sonnenblick-Goldman, LLC’s website at www.cushwake.com/sonngold.
|
|
|
|