Arris Properties signs $80M refi loan with Lion Knight for Subway site in Lenox Hill

Arris Properties Group through the entity Parkview Tower Owner LLC as borrower signed a refi loan with lender Lion Knight Limited valued at $80 million for seven properties at 151 East 60th Street in Lenox Hill, Manhattan, development site (V1) at 145 East 60th Street in Lenox Hill, Manhattan, and development site (V1) at 149 East 60th Street in Lenox Hill, Manhattan.
The deal closed on April 9, 2021 and was recorded on May 7, 2021.
The seven properties have total buildable of 257,070 square feet according to PincusCo analysis of city data. The loan price per buildable square foot is $311 per the PincusCo analysis.
The signatory for Arris Properties Group was Alex Adarichev. The signatory for Lion Knight Limited was Zachary Xu.

Hong Kong-based Lion Knight refinanced a Bank OZK loan with a prior maximum principal of $100 million, with an $80 million loan. Kuafu originally bought the site, then in 2016 the principals parted and one formed Sumi Properties, now known as Arris. Yimby in 2019 described the site as having no activity following demolitions.

Direct link to Acris document. link