Landsea, Leyton Score $40M For First Manhattan Condo Project

Manhattan condominium developers received the go-ahead to begin marketing 823 condominium units valued at $3 billion in the third quarter, a steep decline over the prior quarter, according to an analysis of new development condo filings by The Real Deal. The three-month total had risen in each of the past three quarters, as the volume recovered from a steep decline in late 2016.

Landsea is currently building its first New York City condominium project at 212 west 93rd Street in the Upper West Side. The property, which Landsea is constructing with partner Leyton Properties.

Landsea, Leyton Score $40M For First Manhattan condo project june 25, 2018 Miriam Hall, Bisnow New York New York Capital Markets

Developers Receive $40M Loan to Redevelop UWS Synagogue Into Condos Landsea Homes and Leyton Properties are proceeding with the ground-up development at 212 W. 93rd St.

However, in a portent of greater activity to come, developer Landsea Homes in partnership with Leyton Properties, recently secured a $40 million senior construction loan for the 14-story, 20-unit mixed-use condominium to rise on the site. A recent visit to the site shows the imposing religous structure has been demolished and earthmovers are now preparing the new residential tower’s foundation.

Bank that backs Brooklyn’s biggest Hasidic developers lends $40M on synagogue conversion on UWS. Bofl Federal, the California-based lender that’s provided a slew of loans to Brooklyn’s most prolific orthodox jewish developers, has provided a $40 million loan for a synagogue conversion on the Upper West Side. Leyton Properties.

Manhattan Condo Project Secures $72M Highline Development Group’s property, 550 W. 29th Street, includes 19 units and more than 5,000 square feet of retail or gallery space. Apr 17 2018

Landsea Homes and Leyton Properties locked down a $40M construction loan.

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