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Kibel Companies, Toll Brothers develop green condo in Manhattan

Glenmere Capital Partners, LLC in conjunction with Katz/Cunningham Mortgage and Real Estate Advisory, has arranged a joint venture between The Kibel Companies, LLC and Toll Brothers, Inc. for the development of 303 East 33rd Street, a 12-story green condominium building located in Manhattan's Murray Hill neighborhood at the corner of Second Avenue.

Kibel assembled the approximately 17,500-square-foot site over the past several years. Construction has already commenced and completion is scheduled in the fall of 2009. The units will be marketed through Cantor Pecorella, Inc. beginning in the summer of 2008.



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