Nuveen Real Estate JV gets $393m construction financing for life sciences NYC project

Taconic Partners and Nuveen Real Estate have received $393 million of construction financing for the redevelopment of 125 West End Ave. into a world-class life sciences facility in the West Side cluster of Manhattan.

The 125 West End Ave. project involves the conversion of an existing 399,309-square-foot office building into a state-of-the-art, purpose-built research and laboratory complex. The existing building’s floor plates are ideal for a life sciences conversion, ranging from 37,000 to 53,000 square feet and featuring 15’9” heights, industrial-grade floor loads, direct loading access on multiple floors, and gated shipping and receiving points.

The project benefits from immediate proximity to the West Side life sciences cluster and access to both public transportation and commercial thruways. The location on West 66th St. provides direct access to the Central Pa