Taconic, Oaktree Shell Out $65M For Tribeca Condo Site

Law360, New York (July 3, 2012, 10:15 PM EDT) -- New York real estate firm Taconic Investment Partners LLC and Oaktree Capital Management LP have paid $65 million to Arranz Acinas Group for a Tribeca site where they plan to build luxury, loft-style condominiums, they announced Tuesday.

The building at 71 Laight St., which will be designed by architect Morris Adjmi, will feature 34 loft-style residences from 1,900 to 5,400 square feet, according to the companies. The building is scheduled to be completed in 2014.

The acquisition is the first investment made by the Taconic New...
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