Related Companies through the entity Harrison Retail Associates LLC as borrower signed a loan agreement with lender Deutsche Bank through the entity DBR Investments Co. Limited valued at $65.0 million for 2 parcels, including the tax class commercial condominium unit (R5) at 205 West 76th Street in the Upper West Side. The deal closed on December 13, 2019 and was recorded on December 23, 2019.
This loan is for the retail and parking at the Related-developed condo building the Harrison. The debt package includes a $27.7 million gap mortgage.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 125 residential units on July 31, 2012.