news
  • Categories

  • Author

  • Clear filters

The Terraces @ Nomad in Manhattan

Real Estate Development Sem categoria

author

Carlos Balthazar Summ

post date

12/05/2023

reading time

2 minutes

share

CIX Capital proudly hosted investors, real estate developers, and members of the GRI Club at its New York project, Terraces @nomad, during two of the most renowned international market events: GRI NY Week and the Brazilian Week. These events, held simultaneously, marked the 7th edition of GRI NY Week and brought together prominent figures in the real estate industry, including investors, developers, property owners, operators, executives, and entrepreneurs from both national and international markets. Participants engaged in a series of activities, including a visit to Terraces @ Nomad, fostering discussions about opportunities within the sector.

A Prime Location in Manhattan

Situated at 7-9E 30th Street, between 5th Avenue and Madison Avenue in Manhattan’s NoMad neighborhood, Terraces @nomad is a real estate development project spearheaded by CIX Capital in partnership with U.S.-based Castellan Real Estate Partners.

Investment Model

The project followed a club deal investment model, structured through a Special Purpose Entity (SPE). A private issuance took place between 2018 and 2019, raising $63 million from 20 Brazilian investors.

Project Milestones

● Construction Timeline: Began in 2019, completed in 2022.
● Structure: A 24-story building featuring 49 rental apartments and a retail space.
● Certification: The building has received its Certificate of Occupancy (equivalent to the “habite-se” in Brazil).

A Highlight of International Collaboration

The Terraces @nomad project represents a milestone for CIX Capital, showcasing the success of its strategic partnerships and its ability to deliver high-quality developments in prime international markets.

author

share

related news

Assine nossa newsletter com conteúdo exclusivo.


    CIX Capital is an investment by Maiz: maiz.com.br