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Done Deal: 57-Story Elysee Going Vertical With $138M Loan

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
Anonymous

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
Anonymous

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

anony
anony

Yes, nice to have a shillelagh on the horizon.

A. Nonymous
A. Nonymous

Welcome to the neighborhood. Beautiful addition.

Anonymousg
Anonymousg

Yes.. different than anything else in Edgewater.

Anonymous
Anonymous

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

Anonymous
Anonymous

We hope!

Anonymous
Anonymous

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

Anonymous
Anonymous

It would look better inverted.

Anonymous
Anonymous

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

Anonymous
Anonymous

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
Anonymous

It’s a cube design! Brilliant!!!

Anonymous
Anonymous

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
Anonymous

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
Polo

Great addition to the skyline! CONGRATULATION ARQUITECTONICA

Anonymous
Anonymous

Yes!!!

Anonymous
Anonymous

The best looking building in Edgewater

Anonymous
Anonymous

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

anony
anony

Nice they got a loan. Now get the presales!

Anonymous
Anonymous

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

Anonymous
Anonymous

the ugly buildings are part of the Meloesque style