VI Attorney secures ‘tallest residential NY tower’ in $530M Property Deal
Located in Downtown Brooklyn, the 720-foot-tall skyscraper development at City Point, is the borough’s largest food, shopping and entertainment destination.
VI Team
The deal included a $425 million construction loan from a consortium of banks, led by M&T Bank, and a $105 million, mezzanine loan (a combination of debt and equity finance) from RXR Realty.
The Collas Crill’s VI team, was led by Partner, Ian Montgomery, who worked alongside Fried, Frank, Harris, Shriver & Jacobson LLP (New York) and Paul Hastings LLP (New York)—all acting for Extell Development.
Collas Crill’s Jersey-based Associate, Conor Walsh, assisted on the transaction.
Partner Ian Montgomery, in a subsequent press release, on August 9, 2018, said, “Collas Crill is known as one of the leading offshore legal advisers on US real estate transactions and we were delighted to work with Extell Development on yet another high-profile development project in New York City.”
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