Business partner | Goldman Sachs |
Business partner | L+M Development Partners |
Start Date | 2013-09-18 |
Is Current | yes |
Notes | "As a result, Goldman now has an “unprecedented” 85 percent equity stake in [Essex development] project, Anadu said, with BFC, L+M and Taconic maintaining just 5 percent apiece. About $11.7 million of that equity, or 6.5 percent, was generated through the deployment of New Market Tax Credits, a federal initiative to promote investment in low-income communities." |