30 Morningside Drive and Michael Shah
Michael Shah would contribute $123M to the five-building development, TASE documents show
Michael Shah’s Delshah Capital entered into a non-binding contract for a $130 million construction loan? to finance a five-building project in Morningside Heights, the company reported on the Tel Aviv Stock Exchange.
Square Mile Capital will provide the funding, which will go towards financing the conversion of the five-building complex at 30 Morningside Drive into 205 high-end rentals. The projected cost of the development is $250 million.
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