Skyline Developers announced that it has closed on a $112 million construction loan from Wells Fargo Bank, National Association for 200 East 79th Street, a Wilf family development.
The 19-story contemporary classic condominium is slated to launch sales this fall.
Designed by Cetra Ruddy, the development will house 45 luxury condominiums, and will offer 6,200 square feet of ground floor retail.
Sales and marketing for the property will be handled exclusively by Stribling Marketing Associates.
“This loan reflects the confidence that Wells Fargo has in this exceptional building,” said Orin Wilf, president of Skyline Developers, who noted that 200 East 79th Street’s generously sized homes have already received tremendous interest.
“Wells Fargo has a long-standing relationship with the Wilf family, and is excited to work with the Skyline team to help make 200 East 79thStreet a reality,” said Kevin Poppe, senior vice president for Wells Fargo.
“This development, both in quality and location, is an excellent example of the type of project Wells Fargo is committed to as one of New York’s leading residential real estate lenders.”