In January 2014, HREV structured, financed, and closed on the $152M acquisition of a large scale, multi-parcel site assembly in the newly rezoned Hudson Square area of Lower Manhattan.

HREV led the transaction after initially engaging with a group that had secured purchase contracts at an attractive basis for a majority of the properties comprising the assemblage.

HREV acted as the co-developer of the 290’ tall mixed-use development, marketed as 565 Broome Soho.

Designed by Renzo Piano, the ultra-luxury mixed-use development features 112-unit residential condominium units in two 30-story towers, with a 24,506 SF lower level, ground floor, mezzanine retail condominium, and 40 electric vehicle provisioned automated parking spaces.