Done Deal: 57-Story Elysee Going Vertical With $138M Loan
The developers of the 57-story Elysee tower have been granted a construction loan.
JPMorgan Chase granted a $138 million to Two Roads Development, after nearly half of 100 units planned were pre-sold, according to The Real Deal.
Prices range from $1.5 million to over $10 million, with unusually large unit sizes starting at 2,300 square feet.
The tower boasts a unique “telescoping” design by Arquitectonica, making it wider at top than at bottom.
Vertical construction began in June, and completion is scheduled for 2020.
Beautiful to see this happen… the skyline when viewed from the east is getting better and better….please… city leaders…. do some leading and start real transport options
Yes, nice to have a shillelagh on the horizon.
They are, they’re giving us more third world looking red and green trolleys.
Welcome to the neighborhood. Beautiful addition.
Yes.. different than anything else in Edgewater.
At least the back isn’t an orgy of outdoor hallways.
We hope!
If anybody says something derogatory about this building, I’ll hit you upside the head with it.
It’s a cube design! Brilliant!!!
It would look better inverted.
That’s it, you better run because I’m gonna club you upside the head with it!
Like the height but design is still just average. The top-off is still flat. Have a look at Philadelphia for a little inspiration.
Nice building…..there’s only one problem…the location. While Edgewater is still developing, this is not a walking community – especially with this building further North than Paramount Bay. If I’m living in a condo, I want to walk to everything.
Agree – not sure I’d want to be outside at night….walking a dog for examples. It’s not very pedestrian friendly until you walk through some parts that don’t have many (operating) street lights.
Maybe the saxophone girl will be the guardian angel!
Great addition to the skyline! CONGRATULATION ARQUITECTONICA
Yes!!!
The best looking building in Edgewater
I think Cesar Pelli would’ve designed something better looking.
Nice they got a loan. Now get the presales!
How ugly are the buildings in Edgewater are! At least this one looks cool in the picture!
the ugly buildings are part of the Meloesque style