Kushner, Cain pay $43M for Edgewater site amid apartment rent-growth predictions

Cain and Kushner paid $43.1 million for a site in Edgewater where they’ve been planning a 364-unit luxury apartment tower.  The firms bought the 1.5-acre property at 614 and 720 Northeast 27th Street from an entity tied to a joint venture between Miami-based OKO Group and Cain.  London-based Cain, led by Jonathan Goldstein, and New York-based Kushner, headed by Laurent Morali and Nicole Kushner Meyer, have been planning the 40-story project since April. BDT & MSD Partners provided a $42 million loan for the development, with construction expected to start late next year, The Real Deal previously reported.  The property […]

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