October 24, 2019 Comments Off on RAL’s Zero Irving MXU Launches Construction Views: 490 Downtown New York, New York News

RAL’s Zero Irving MXU Launches Construction

RAL Development Services officially launched Zero Irving, a 21-story mixed-use development in Midtown South. It will include 176,000 square feet of Class A office space, a technology training center and incubator, co-working spaces, event space and a street-level food hall. Delivery is expected in late 2020.

“Zero Irving brings the trifecta that top tenants are seeking:  stellar location with access to transportation, food, and nightlife; newly constructed space in a modern, nearly column-free design, with all the latest tech infrastructure baked in; and the most highly sought-after amenities,” said RAL’s Josh Wein.

A JLL team of Mitch Konsker will lead leasing efforts alongside Benjamin Bass, Dan Turkewitz and Kristen Morgan.

RAL and its equity partner previously secured $120 million of construction financing from Bank OZK and simultaneously entered into a long-term ground lease with New York City Economic Development Corporation.

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