Legion Investment Group has finalized a $195.1 million construction loan for 1122 Madison Ave., a high-rise condo project in Manhattan. Legion is developing the building in partnership with Nahla Capital.
Besides 1122 Madison Ave., 2024 has been a busy year for the New York-based Legion. The developer acquired an office building at 5 West 13th St. for $57.5 million, as well as the final piece of its Madison Avenue assemblage at East 84th Street. Legion also closed on the land-air rights to four parcels on Gramercy Park and acquired a vacant lot at 550 West 21st St. in Chelsea. Read more on Multi-Housing News.