To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionWest Chelsea luxury condominium project secures $1.153b for refinancing
Witkoff, Access Real Estate, and Monroe Capital have secured a $1.153 billion refinancing for One High Line, the luxury condominium project in West Chelsea, New York City.
Since commencing closing last year, One High Line is again the top new development in Manhattan by dollar volume in the first half of 2024, with more than $800 million in sales. Walker & Dunlop arranged the financing, one of the largest single-asset transactions of 2024, in which JP Morgan provided a senior mortgage and Tyko Capital provided mezzanine financing.
Spread across two towers, each of the 236 residences offers breathtaking, unobstructed views of the Hudson River and the New York City skyline, all while embracing the beauty of the adjacent High Line Park. Situated along the High Line, a public park built upon a historic f
