Area 41 Secures Financing and Moves Forward
Design District's Area 41 is moving forward after securing financing with a $24.3 million loan from LA based Canyon Partners. Design District Development Partners project located at 112 NE 41st St. will be a 7 story, 8,082 SF mixed-use commercial development. It includes 10,000 SF of showroom and retail space, 20,000 SF of office space and a rooftop restaurant/ lounge. A rift between developers Benjamin Norton of Design District Development Partners and Asi Cymbal almost ruined the project earlier this year but was settled confidentially. Tenants are yet to be announced and leasing will be handled by Chariff Realty Group. First reported by The Real Deal.