Nomad (Manhattan, NY)
By Jeffrey Ditri, New York City Residential Rental Specialist
(JAD Realty Group, LLC.)
 1185 Broadway Paul Kanavos’ Flag Luxury Group landed a $250 million loan for a planned Ritz-Carlton hotel in NoMad. The building will be constructed on two adjacent parcels with the addresses 1185 Broadway and 29 West 28th Street. Flag Luxury filed permits for the property in 2016, with plans calling for a 164,400-square-foot building with 145 rooms. Construction is currently underway. The latest Department of Buildings filings for the building are for the installation of underground plumbing and installation of fuel tanks. Once it’s built, the tower is expected to be 40 stories tall with a height of 580 feet. The lender for the new mortgage is alternative investment firm Atalaya Capital, according to records filed with the city on Friday. The company assumed the existing $50 million d...
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