Landsea Homes , an international homebuilding and development company with operations in the United States, Europe and Asia, in partnership with Leyton Properties, a development company specializing in commercial real estate, has announced the closing of a $40 million senior construction loan for their Upper West Side condominium development at 212 West 93rd Street. The senior loan was provided by BofI Federal Bank with construction financing arranged by Ackman-Ziff Real Estate Group LLC. The luxury residential building is Landsea Homes’ first ground-up new development project in Manhattan.

“We are thrilled to close this transaction as it marks an important milestone for Landsea Homes’ first ground up new development project in Manhattan and for our partnership with Leyton Properties, BofI and Ackman-Ziff,” said Thomas Graham, Senior Vice President of Operations at Landsea Homes. “We are excited to bring our unique philosophy to one of New York City’s most beloved neighborhoods with a luxury condominium offering at 212 West 93rd Street. At Landsea Homes, we always seek to create a best-in-class residential experience inspired by sustainable living and that is exactly what we plan to introduce with this marquis project.”

212 West 93rd Street will feature a modern 14-story condominium project designed by Eran Chen of ODA New York. The project offers 20 residences, many of which include outdoor space, located above a new 9,350 SF synagogue. The entrance to the synagogue will feature a limestone façade with a concrete base and bronze accent detailing while the condominium will celebrate the new era of the Upper West Side with a glass-enclosed lobby framed in black steel.