Natixis Corporate & Investment Banking originated a $260 million, floating-rate financing to a joint venture between a global investment firm and Gotham Organization to refinance Aire, a 43-story, trophy multifamily rental building located at 200 West 67th St. on New York City’s Upper West Side.
Delivered in early 2010, AIRE features condo-quality finishes and an extensive amenity package, including on-site parking (third-party leased), a fitness center, a private half-acre elevated park, an event deck with catering pavilion, a yoga room, a children’s playroom and co-working space. Aire also features nearly 37,000 square feet of predominantly medically anchored commercial space.
“Gotham has transformed AIRE and repositioned the property through substantial, design-forward upgrades and the introduction of our renowned hospitality and resident experiences. Securing this $260 million refinancing underscores continued confidence in AIRE’s revitalized position,” said Nicole Picket, vice president at Gotham Organization.
Since acquiring the property, Gotham has worked with Handel Architects to deliver newly renovated residences and modernize amenities and common spaces, including the fitness center and the creation of a new fourth-floor terrace with a firepit, grills and a bar.
The financing was arranged by Lawrence Britvan and Michael Straw from New York City office of CBRE.
