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Rose Associates Closes Development Financing
- Client News
- April 26, 2013
Practices
Paul, Weiss client Rose Associates, Inc., in partnership with affiliates of Eastbridge Sarl and AG Insurance NV/SA, closed the development financing to convert the historically designated former AIG headquarters building at 70 Pine Street. The project will consist of over 600 luxury residential units on the 7th through 66th floors, with the lower floors to be converted into either an extended stay hotel or corporate apartments together with ground floor retail. The second floor will be leased to Down Town Association and integrated into DTA's adjoining property at 60 Pine Street.
The Paul, Weiss team included real estate partner Peter Fisch and counsel Barry Langman.