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Moinian Gets Financing For Residential Tower


The Moinian Group has secured a $539 million loan from the New York state Housing Financing Agency and Bank of China to fund the construction of their residential project at 605 W. 42nd St. The 60-story tower, located next-door to Moinian’s Atelier Condominium building, will have 1,174 rental apartments and 20,000 square feet of retail. The large residential tower is planned to be completed sometime next year.