Soho Properties receives $219 million for 45 Park Place tower

Maybank and Warba Bank lead $219 million loan for Tribeca condo construction
by Staff Writer
May 26, 2016
  • The company's secured $219 million to put toward construction of a high-rise residential condo property in Tribeca.
  • 45 Park Place, standing 43 floors, will hold 50 high-end condominium units.
  • Michael Abboud of SOMA Architects is the lead designer, and Ismael Leyva Architects will act as the architect of record.

Soho Properties Chairman and CEO Sharif El-Gamal recently announced the company’s securing of $219 million to put toward construction of a high-rise residential condo property in Tribeca.