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.

 

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Anonymous
2 years ago

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

Anonymous
2 years ago

They are, they’re giving us more third world looking red and green trolleys.

anony
2 years ago

Yes, nice to have a shillelagh on the horizon.

A. Nonymous
2 years ago

Welcome to the neighborhood. Beautiful addition.

Anonymousg
2 years ago

Yes.. different than anything else in Edgewater.

Anonymous
2 years ago

At least the back isn’t an orgy of outdoor hallways.

Anonymous
2 years ago

We hope!

Anonymous
2 years ago

If anybody says something derogatory about this building, I’ll hit you upside the head with it.

Anonymous
2 years ago

It would look better inverted.

Anonymous
2 years ago

That’s it, you better run because I’m gonna club you upside the head with it!

Anonymous
2 years ago

Like the height but design is still just average. The top-off is still flat. Have a look at Philadelphia for a little inspiration.

Anonymous
2 years ago

It’s a cube design! Brilliant!!!

Anonymous
2 years ago

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.

Anonymous
2 years ago

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!

Polo
2 years ago

Great addition to the skyline! CONGRATULATION ARQUITECTONICA

Anonymous
2 years ago

Yes!!!

Anonymous
2 years ago

The best looking building in Edgewater

Anonymous
2 years ago

I think Cesar Pelli would’ve designed something better looking.

anony
2 years ago

Nice they got a loan. Now get the presales!

Anonymous
2 years ago

How ugly are the buildings in Edgewater are! At least this one looks cool in the picture!

Anonymous
2 years ago

the ugly buildings are part of the Meloesque style