Legion Investment Group has secured $195.1 million of construction financing to build a condominium tower on Manhattan’s Upper East Side, the developer announced Wednesday.

“The Upper East Side, especially Madison Avenue, has experienced a notable increase in high-end luxury residential developments in recent years, which has underscored a significant demand for new construction near Central Park,” Victor Sigoura, founder and CEO of Legion, said in a statement.  “Our project at 1122 Madison represents the last new development on the avenue for the foreseeable future, and we’re excited to introduce this project to the market, providing a unique and rare offering.”

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