Soho Properties Announces The Commencement Of Sales For 45 Park Place
Sales launch for iconic Tribeca tower in the heart of the new downtown, created and designed by a consortium of groundbreaking talents.
Back in June 2016, the construction of super luxury 45 Park Place started. It is now expected to be completed in early 2019. But fear not because this week sales have officially launched for the iconic Tribeca tower. 50 individually-designed luxury homes by Piero Lissoni will soon have happy and wealthy owners.
For this ambitious project, Soho Properties secured $219 million in financing for the construction of its Tribeca condominium, according to Real Estate Weekly. $174 million in construction financing was provided by a diverse and influential group of international lenders with Malayan Banking Berhad, called Maybank (South East Asia’s fourth largest bank) and Warba Bank (Kuwait) serving as joint Lead Arrangers and Intesa Sanpaolo (Italy) as Documentation Agent.
Back then, Sharif El-Gamal, Soho Properties’ chairman and CEO, stated he was “extremely honoredˮ to be working with such a diverse and influential group of international lenders. He ratified, “Our vision for the neighborhood and location is validated by our lenders’ confidence in the market and enthusiastic support for 45 Park Place,” El-Gamal said
After a more than a year of non-stop work, 45 Park Place is warming up their sales process. This exclusive collection of contemporary loft and tower residences in the New Downtown area of Tribeca, designed by interior designer Piero Lissoni and architect Michel Abboud of SOMA is ready to welcome new tenants. Stribling Marketing Associates is one of the most respected and successful development marketing groups in Manhattan, specializing in consulting, marketing and sales of new developments and conversions, is directing the sales and marketing efforts for the property, with a team led by Elizabeth Stribling and sales directed by Sean Murphy Turner and Mary Ellen Cashman.
“We are proud to be working with such an extraordinarily creative design team and excited to see 45 Park Place coming to fruition,” said El-Gamal. “We are honored to know that this remarkable tower will be a striking contribution to the New Downtown. It is humbling to see our vision for, not only the building, but the overall neighborhood, materializing. We look forward to the continued renaissance of this neighborhood as 45 Park Place comes to life.”
Residences at 45 Park Place offer exclusive amenities, including a spacious double-height, 24-hour attended lobby and garden, a luxurious 50-foot indoor pool and spa, a resident’s club, fitness center and yoga/barre studio as well as a children’s playroom. On the other hand, the Loft Residences includes floors 6-23 as well as the Tower Residences, on floors 24-39. Of course, two exquisite duplex Penthouses at the pinnacle of the tower are also there.
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