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OKO Group lands $284.5M for conversion of Crown Building

Oko Group and Aman Group have partnered on converting the upper floows into luxury condo units

Crown Building (Credit: CityRealty)

Vladislav Doronin’s OKO Group and the Aman Group have secured a $284.5 million loan from Cain International for their conversion of the upper floors of 730 Fifth Avenue (AKA Crown Building). Plans call for the partners to convert the existing office space into 20 luxury condos and an Aman hotel (83 keys). 

Worth Noting: The new loan replaces a mortgage provided by Deutsche Bank and Oxford Properties Group.

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