Times Square Development Draws New Wave of Foreign Investment
- Goldman Sachs is senior lender on mixed-use Manhattan project
- Loan amendment allows for additional $250 million in capital
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Times Square hasn’t lost its cachet with foreign investors.
TSX Broadway, a $2.5 billion mixed-use project in the heart of Manhattan, has attracted more than $100 million in the past week from foreign investors who back real estate developments in return for U.S. visas, according to a person familiar with the matter.