Legion, EJS pick up Greenwich Village development site

Excerpt from the Real Deal website: Luxury condo developer Legion Investment Group and EJS Development have bought a development parcel in Greenwich Village for $57.5 million.

The new owners plan to demolish the six-story building at the site, 5 West 13th Street, records show. It was once home to the New York City Human Resources Administration.

The sellers were Philips International, Lawland Properties, Arnold Penner Real Estate and Rhodes Building Management. Maxim Capital provided a $37.5 million loan for the transaction. A Walker & Dunlop team of Aaron Appel and Adam Schwartz arranged the financing.

Read the full article here: https://therealdeal.com/new-york/2024/05/14/legion-investment-ejs-group-buy-greenwich-village-site/