Developers of Palace Theatre redevelopment seeking $1B in debt, equity

Maefield Development, Fortress Investment Group and L&L Holding Company are looking for a $1 billion debt-and-equity package for their redevelopment of the Palace Theatre in Times Square, The Real Deal has learned. The developers have hired HFF to find an investment partner and construction lender for a funding boost to their project at 1568 Broadway, L&L confirmed Friday. The $2.4 billion project would result in the elevation of the historic Broadway theater, the expansion of the hotel, and the […]

Source: Real Estate

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