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FINANCIAL NEWS
QIA, Brookfield agree on USD8.6b project in NY
29 Oct 2015
(MENAFN) Qatar Investment Authority (QIA), signed a deal with Brookfield Property Partners L.P, one of its subsidiaries, on the mixed-use Manhattan West development project in New York City.
The project contains five building, 7 million square foot on the west side of Manhattan, bounded by 31st and 33rd Streets and 9th and 10th Avenues.
West Manhattan involves three phases: the first Manhattan West 67 story, which holds a 2 million square foot office building currently under construction, and is scheduled for completion in 2019.
The second Manhattan West is a 2 million square foot office tower, and built onsite following the lease-up of the first tower.
The third Manhattan West involves 62 story luxury residential tower, and will contain 844 apartment units, welcoming its first residents in 2017, and will be ready in 2018.
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