Guardian FiDi Project Receives New Funding From Hudson Pacific Properties

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Guardian Realty Management CEO Anthony J. Labarbera, Hudson Pacific Properties CEO Victor Coleman and project rendering.  (Guardian, HPP, Winick)

Guardian Realty Management CEO Anthony J. Labarbera, Hudson Pacific Properties CEO Victor Coleman and project rendering. (Guardian, HPP, Winick)

Guardian Realty Management has just found a new Guardian Angel.

Hudson Pacific Properties, a Los Angeles-based REIT, has provided a $ 60.1 million loan to build a new mixed-use building in New York’s financial district, according to public records. The Guardian additionally refinanced about $ 60 million in existing loans with a REIT, increasing Hudson Pacific’s total contribution to $ 120 million.

The 23,250-square-foot project at 1 Park Row will rise at least nine floors, with the lower three floors dedicated to retail space. New York YIMBY… A 2017 rendering by Fogarty Finger Architects suggests floor-to-ceiling glass panes will be positioned around the corner of Park Row and Ann Streets. Winick has already begun sale 13,500 square feet of available retail space, according to the merchant deck.

The loan gives the Guardian capital to continue construction, which has been ongoing since then. at least 2017… The company continued to work on the project throughout the pandemic, earning “Necessary” status for the placement of a restaurant space.

Hudson joins the project hotly, having published profit of $ 5 million in May after two quarters in the red. The company’s move to Park Row represents a kind of hedge against its previous activities in entertainment studios and office spaces.

The Guardian and Hudson Pacific did not immediately respond to requests for comment.

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