Lightstone Closes $187 Million Refinancing for ARC

Lightstone Closes $187 Million Refinancing for ARC

 

LONG ISLAND CITY, N.Y./ Feb. 11, 2019 (STL.News)

National real estate investor and developer Lightstone today announced the close of $187 million in financing from Citibank for ARC, a 428-unit luxury rental property in the Dutch Kills section of Long Island City, New York. The building, which offers over 50,000 square feet of indoor and outdoor amenities, completed its initial leasing in August 2018 ahead of schedule and at record rents.

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