A joint venture between JD Carlisle Development Group and Fosun International has secured a $350m loan to build NoMad Luxury Condos. The 66-story building is being developed in New York City’s NoMad neighborhood. Designed by Handel Architects, the 199-unit tower will cover 400,408 sq ft and include 4,093 sq ft of retail and 290,953 sq ft of residential. Foundation work on the project is finished, and the building is slated for completion in 2021. Eastern Consolidated’s Capital Advisory Division sourced the funding through Bank of the Ozarks on behalf of the borrower.
