Mixed-use
Development on Manhattan's West Side Falls Through
May 9, 2008
Source: New York Times

Despite the fact that a developer was chosen just six weeks ago for an ambitious project overlooking the railyards on Manhattan's West Side, the project has now fallen through. Tishman Speyer Properties had been chosen to build the complex, which was to consist of office towers, apartments, and parks.

However, negotiations hit a hard spot this week when Tishman Speyer said it wanted to change the terms of the $1 billion development, according to the New York Times. The original deal was struck on March 26.

 
Recent Mixed-Use Headlines
201 W 92nd Manhattan Apartment Sold to Local Investor
July 18, 2008
A partnership including Kent Swig of Swig Equities L.L.C. has sold a pair of pre-war apartment buildings on Manhattan’s Upper West Side to a locally--based operator of residential and mixed-use properties for $61 million, or about $450 a square foot.
Lake Las Vegas Vegas-Area Resort Developer Files for Bankruptcy
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A sluggish economy coupled with housing market woes nationwide trickled down to the robust Las Vegas housing market, contributing to the filing to reorganize under Chapter 11 bankruptcy for Lake at Las Vegas Joint Venture L.L.C., the master developer of the Lake Las Vegas Resort.
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Walnut Creek Phase II on Track for $400M Mixed-Use Transit Village
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A four-partner public-private partnership has broken ground for the second phase of work on a $400 million mixed-use transit oriented development called Avalon Walnut Creek at Contra Costa Center, which is located next to the transit station in Pleasant Hill in California’s Bay Area.
Transwestern Provides Capital Markets Advisory Services for Solaris Residences
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Transwestern's Structured Finance Group has provided capital markets advisory services for a $325 million capital structure for the construction of Solaris Residences.
 

 

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