Durst Organization Nabs $100M Loan at 825 Third Avenue
The Durst Organization landed $100 million of financing from JPMorgan Chase Bank on its 40-story Midtown East office building at 825 Third Avenue, according to property records made public on Thursday The three-year loan, which closed on April 4, will help pay for a recent $150 million renovation that upgraded nearly every aspect of the property including its mechanicals and windows, Lucas Durst, a financial associate at the firm and Jonathan Durst’s son, said in a statement. “The proceeds will help back-pay for building improvements that have already been made and for [tenant improvements] and other improvements as we lease…
Date 2022-04-26
Author Celia Young
Queens-based Finback Brewery expands to Long Island City
One of the most popular breweries in the city — with locations in Glendale, Queens; and Gowanus — is expanding its reach. According to Commercial Observer, Finback is opening a brewery and taproom at the base of a luxury apartment building in Long Island City. The brewery, known for its range of IPAs, will be highlighting more fruit-packed sour beers at the new location, the publication reports.
Date 2022-04-26
Author Erika Adams
Glendale’s Finback Brewery to open new location in Long Island City luxury highrise
Finback Brewery will open its new taproom and on-site microbrewery in Long Island City later this year The Durst Organization announced that the Glendale-based brewery signed a 15-year lease to establish a 3,800-square-foot location in the Sven, the recently completed 67-story luxury residential tower at 29-59 Northern Blvd. on Queens Plaza North. It has a unique curved façade and wraps around the historic Clock Tower. At 762 feet, its height is second only to the Skyline Tower in Court Square just a few blocks to the south. Founded in Glendale more than a decade ago by owners Basil Lee and…
Date 2022-04-26
Author Bill Parry
Taproom and Microbrewery to Open on Ground Floor of Long Island City Development
The list of breweries choosing to operate out of LIC continues to grow—with a New York-based company announcing Monday that it is opening a taproom and microbrewery on the ground floor of a new development in the Queens Plaza section of Long Island City Finback Brewery—which opened in 2013 with a 25-barrel brewery in Glendale, Queens—has leased a 3,800 square foot space at the bottom of The Durst Organization’s 67-story apartment complex, which is called “Sven” and is located next to the iconic clock tower in Queens Plaza. The company will join a multitude of other breweries that have opened…
Date 2022-04-26
Author Christian Murray
Brewery To Open In New Long Island City Apartment Tower
LONG ISLAND CITY, QUEENS — The new luxury apartment tower that now glistens next to Queens Plaza has a new amenity to add to its list: a brewery Finback Brewery, based out of Glendale, has signed a lease to open a 3,800-square-foot location in Sven, the recently completed tower at the corner of Queens Plaza and Northern Boulevard, developers announced Monday. Consisting of a taproom and on-site "microbrewery," the ground-floor space will open in late 2022, according to the Durst Organization, which built the glass tower that curves around the landmark Chase Manhattan Bank building. Besides its Queens headquarters, Finback…
Date 2022-04-26
Author Nick Garber