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The Children’s Investment Fund Closes on US$1.25 Billion Financing for The Eleventh

 

Fried Frank acted as counsel to The Children's Investment Fund in connection with its US$1.25 billion construction financing to HFZ Capital Group in connection with its 950,000 square foot luxury mixed-use project at 76 11th Avenue known as “The Eleventh.” The development will feature the first North American Six Senses Hotel, 240 luxury residences, a spa, retail space, and a public open-air pedestrian promenade that will run adjacent to the High Line. The Eleventh, designed by Bjarke Ingles, is scheduled to open in 2019 and upon completion will be the tallest buildings in West Chelsea. 
 
The Fried Frank team included real estate partner Michael J. Barker; real estate special counsel Suzanne deVries Decker; and real estate associates Amanda M. Barner and Melanie R. Taylor and real estate law clerk Samantha P. Adler.

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