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 is the co-developer of the 290’ tall mixed-use development, marketed as 565 Broome Soho. Designed by Renzo Piano, the building will feature two 25-story towers and include 115 condos, approximately 26,000 SF of retail space and up to 40 automated parking spaces.