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Bronx, NY
$112.5 million
New Markets Tax Credit
EB-5 and Bridge Financing
Commercial/Office, Healthcare, Hospitality & Retail
354,000 SF
Simone Development
2013
Development of a 354,000 square foot mixed use project consisting of medical office, health center, hotel, and the first LA Fitness in NYC. Primary financing was secured with EB-5 financing. The NMTC subsidy will allow for the expansion of medical/health space for local providers.
Over 2,000 job impact with over 300 construction jobs serving over 3,000 daily visitors.
