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Moinian’s 605 W. 42nd St. Lands $539M Loan


The Moinian Group has received additional financing for construction of the the largest residential tower currently under development. The Bank of China and Ullico have agreed to provide bond financing through the New York State Housing Finance Agency for 605 W. 42nd St, the 1.16 million-square-foot tower at the northwest corner of West 42nd and 11th. Moinian’s pipeline on Manhattans West Side along 11th Avenue now totals 4 million square feet.