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The XI Highline Project

Sector: Hotel • Location: New York, United States

Source: Crain's New York

Project
Foundering

A $2 billion development project consisting of a pair of towers at 76 11th Ave. including a hotel, retail space, and residential apartments designed by Bjarke Ingels. The project was bankrolled by a $1.3 billion loan from the U.K.-based Children’s Investment Fund in 2017 but has faced financial difficulties including missed mortgage payments and unpaid construction work since the pandemic began.

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The project “The XI Highline Project” is an infrastructure initiative in the Hotel sector, located in New York, New York, United States. Taiyo aggregates data on it from Crain's New York.

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Description

Description

A $2 billion development project consisting of a pair of towers at 76 11th Ave. including a hotel, retail space, and residential apartments designed by Bjarke Ingels. The project was bankrolled by a $1.3 billion loan from the U.K.-based Children’s Investment Fund in 2017 but has faced financial difficulties including missed mortgage payments and unpaid construction work since the pandemic began.

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