Hogan Lovells represents Bizzi & Partners in US$313 million joint construction financing for Manhattan skyscraper

Press releases | 02 February 2023

New York, 2 February 2023 – Global law firm Hogan Lovells represented Bizzi & Partners in a joint financing with Fortress Investment Group LLC (Fortress) and U.S. Immigration Fund, LLC (USIF) for the construction of a luxury condominium skyscraper in lower Manhattan.

Fortress, Bizzi & Partners, and USIF today announced the closing of the US$313 million transaction from Northwind Group, which will finance construction at the location previously known as 125 Greenwich Street.

Fortress and Bizzi & Partners are co-sponsors of the development together with USIF. The 88-story, 912-foot-tall building, located a block from the World Trade Center, will offer a range of homes from studios to three-bedroom residences, many with panoramic views of the Hudson River, Statue of Liberty, and New York City skyline. The building will be renamed, and sales will launch this fall.

The Hogan Lovells deal team was led by finance partner John Beck (New York) and finance senior associate Jennifer Lee (New York). The team also included, in New York, partners Chris Donoho (finance), David Dunn (litigation), Matt Schernecke (finance), Jessica Millett (tax), and Scott Friedman (tax); senior associate Ao Chen (finance), and associate Katherine Lynn (finance). Additionally, the team included, in Denver, partner Scott Campbell, senior associate Josh Savage, and associate Tai Palacio (all real estate).

More about the project is here.