Upper Manhattan Mixed-Use Project Receives $150M Investment from Arden Group

Arden Group has secured a $150 million construction loan from Banco Inbursa to develop a 19-story mixed-use asset in Upper Manhattan’s Inwood. Located at 4650 Broadway, the property will include 222 residential units with an 80,000 square feet charter school, 38,000 square feet of retail space and underground parking spaces.
Newmark arranged the loan on Arden’s behalf with Jordan Roeschlaub and Dustin Stolly leading the team along with Chris Kramer. The residential units will occupy floors four through 19th featuring amenities such as a rooftop terrace offering views of Manhattan and New Jersey. Residents are expected to move into this project by summer 2024.