SK Development and CB Developers secured $158 million in construction financing for their Turtle Bay condominium project at 401 East 51st Street. The 83-unit property is expected to be completed by fall 2027. The financing was arranged by a team from Walker & Dunlop. SK purchased the properties for $46.8 million in June 2023 and plans to replace existing buildings with a multifamily development. The 26-story project will feature condos ranging from studios to two-bedroom layouts, along with various amenities.
SK Development and CB Developers
