In May of 2021, Emerald Creek Capital provided a $55,000,000 bridge loan in the Union Square neighborhood of New York, NY. The loan is secured by a 6-story, Class A mixed-use retail and office building with 73,113 square feet of net rentable area. An AIA Design Award winner, the building features an iconic glass dome creating a unique, light-filled, space with soaring views overlooking Union Square. The retail component of the subject property consists of 8,467 square feet of net rentable area at grade and 6,511 square feet of retail space on the cellar level. The office component contains 58,135 square feet of net rentable area on the 2nd through 6th floors. Union Square is a central, bustling neighborhood known for trendy restaurants, sought-after retail shopping, and high-quality mixed-use buildings surrounding the iconic Union Square Park. The subject property benefits from a prime high-visibility location and is easily accessible via the 4, 5, 6, L, N, Q, R, and W trains.
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