Extell Development Company announced that New York Loan Company, one of the country’s most exclusive pawn shops, is the first office condominium owner to open for business at the International Gem Tower (IGT) on West 47th Street.
The company specializes in pawn loans against gold, jewelry, diamonds, watches, fine art and entertainment memorabilia.
“The International Gem Tower is the first of its kind in the Western Hemisphere, offering a rare opportunity for jewelry-related companies to own and prosper in an ultramodern building with extraordinary technologies and amenities,” stated Raizy Haas, senior vice president of Extell.
“New York Loan Company will serve as a valued resource to other building owners and the public at large.”
New York Loan Company’s location features 1,400 s/f of corner space overlooking 47th Street on the building’s third floor, part of its retail podium level.
More than half of the IGT units are sold and another 10-15% are in contract according to Extell. A.S. Diamonds, the Gemological Institute of America (GIA) and Tordella & Brookes are among the roster of buyers.