Portfolio: Equity Investment Properties

565 Broome Soho

In January 2014, HREV structured, financed, and closed on the $152M acquisition of a large scale, multi-parcel site assembly in the newly rezoned Hudson Square area of Lower Manhattan. HREV led the transaction after initially engaging with a group that had secured purchase contracts at an attractive basis for a majority of the properties comprising the assemblage. HREV is the co-developer of the 290’ tall mixed-use development, marketed as 565 Broome Soho (www.565broomesoho.com). Designed by Renzo Piano, the building will feature two 25-story towers and include 115 condos, approximately 26,000 SF of retail space and up to 40 automated parking spaces.

INVESTMENT TYPE:

Sponsor Equity

LOCATION:

Manhattan

ASSET CLASS:

Mixed Use

STATUS:

Under Construction