MAG Partners Announces Construction Financing for 480-Unit Affordable New York Development in Chelsea
Retrieved on:
Friday, October 23, 2020
The project is a joint venture between MAG Partners, Safanad, Atalaya Capital Management and Qualitas, one of the biggest asset managers in Australia.
Key Points:
- The project is a joint venture between MAG Partners, Safanad, Atalaya Capital Management and Qualitas, one of the biggest asset managers in Australia.
- MAG Partners acquired the site in December 2018 via a 99-year ground-lease with Edison Properties.
- The MAG Partners team previously worked with COOKFOX on 550 Vanderbilt and 535 Carlton in the Pacific Park development in Brooklyn.
- MAG Partners is a woman-owned, urban real estate company with decades of experience developing impactful, iconic, large-scale projects throughout New York City.