55 Suffolk Street
Construction Begins on 30-Story Development at Beth Hamedrash Hagadol Site
Posted January 26, 2021 at 5:00 am
To stand in the intersection of Broome and Suffolk Streets is a lesson in claustrophobia. A canyon of ten-foot plywood dwarfing those who pass. All thanks to dueling developments – ongoing Essex Crossing, plus a newcomer across the way. That’s right, the gargantuan development replacing the burned-down Beth Hamedrash Hagadol – dubbed GoBroome – is […]
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Streets
Beth Hamedrash Hagadol Development Site Gets Going with $162M Loan
Posted December 30, 2020 at 5:00 am
The controversial, two-towered development slated to top the hallowed grounds of Beth Hamedrash Hagadol is set to proceed, thanks to a multimillion-dollar construction loan. The Gotham Organization and Goldman Sachs Urban Investment Group joint venture behind the project just nabbed $162.4 million in debt from Wells Fargo and US Bank to move forward. Together with […]
