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| Photo by SOM |
A development team led by Thor Equities secured a $144 million construction loan for its spec office tower in Fulton Market, The Real Deal has learned. Bank of Nova Scotia provided the fixed-rate, five-year loan. Thor Equities began assembling properties for the 18-story office and retail tower in 2016, when it bought 800 W. Fulton Market for $36 million. Thor purchased the final parcel of land for the project in 2018. QuadReal Property Group is a partner in the project, which broke ground last month. It is expected to be completed and open in 2021. Original plans showed a 20-story office complex there, but that was trimmed following closed-door discussions with neighbors. Read More....
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