Plans to convert the old Lincoln Square Synagogue building into condos is moving forward with the developer, SJP Properties having just acquired a $160 million loan, the Commercial Observer reports.
SJP purchased the 5,000 square foot property at 208 Amsterdam Avenue along with Mitsui Fudosan America in October last year for $275 million.
Developers now plan to construct a 51-story tower with 112 apartments at the site of the synagogue, which is still standing today.
The Lincoln Square Synagogue moved to its new location just a short walk south at 180 Amsterdam Avenue in 2013, a project that cost $50 million.
Plans are yet to be filed for the new condo building set to rise at 208 Amsterdam Avenue.
- SJP Properties Takes $160M Loan for Lincoln Square Synagogue’s Old UWS Home [Commercial Observer]
- SJP and Mitsui Fudosan Complete $275M UWS Purchase for Condo Tower [Commercial Observer]
- $50 Million Lincoln Square Synagogue Ready to Open [Curbed]