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Brookfield lands $530M to develop One Manhattan West

Wells Fargo provided the debt

Rendering of One Manhattan West (Credit: Brookfield)

Brookfield Property Partners has secured $530 million in construction financing from Wells Fargo for One Manhattan West (AKA 401 Ninth Avenue). Plans call for a 2.1 million SF office building.

Financing Breakdown: The package includes a $450 million building loan, plus an $80 million project loan, according to CO.

Worth Noting: The office tower will be part of Brookfield’s Manhattan West mega project, which will span over seven million SF. With a total of six buildings, the complex will also feature residential and hotel space.

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