Brookfield’s 1 Manhattan West secures $530M construction package

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Credit: Brookfield Property Partners

Wells Fargo has provided a $530-million package to Brookfield Property Partners to finance construction of its office skyscraper 1 Manhattan West, according to records filed with the New York City Department of Finance, Commercial Observer reports.

The package includes a $450 million building loan and an $80 million project loan, according to records.

The project, a 67-story, 2.1 million-sq.-ft. office building, is part of Brookfield’s Manhattan West, which will feature six buildings, totaling seven million square feet of office, residential and hotel space as well as a large public, landscaped plaza.

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