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Deals & Dealmakers

HFF secures $265M for luxury condos at 160 Leroy Street

Holliday Fenoglio Fowler (HFF) has secured $265 million in financing for the development of 160 Leroy Street, a fully-entitled, 12-story, 49-unit luxury condominium building overlooking the Hudson River in the West Village.

Working on behalf of Ian Schrager Company in conjunction with Ares Management, Weinberg Properties and William Gottlieb Real Estate, HFF placed the construction loan with the Children’s Investment Fund Management (UK) LLP.

Designed by Pritzker Prize-winning architecture firm Herzog & De Meuron, the property will feature a curvaceous glass exterior inspired by Brazilian architect Oscar Niemeyer.

The 49 one-of-a-kind homes provide views of The Freedom Tower, Hudson River, north to the George Washington Bridge and city views east.

The property will have an arched entry with private landscaped courtyard and garden, designed by Madison Cox, which leads into the lobby designed with curving, specially-imported glass walls and fluted mahogany panels.

Off the lobby will be a private 70-foot swimming pool and whirlpool spa with floor-to-ceiling glass.

Other amenities include a recreation lounge with state-of-the-art kitchen for private events; kid’s clubhouse ideal for birthday parties; and gourmet take-out and delivery restaurant.

The project’s below-grade space will feature a fitness center with yoga room; sauna; steam room with changing rooms; and private massage room.

HFF’s debt placement team was led by Michael Tepedino, Eric Anton, Christopher Peck and Geoff Goldstein.

“Just as Ian Schrager redefined Bond Street, he is now transforming the West Village waterfront with this latest venture. The irreplaceable location will soon be home to an iconic project with detail and finish that will bring luxury living to a new level,” Anton said.

“It was a privilege to work alongside this partnership in procuring a capital solution best suited to bring this project to life,” Peck added.

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