Prodigy Network Launches Crowdfunding For The Assemblage/25th Street
Collaborative Workspaces combined with Short-Term Residential Living Come to NOMAD
NEW YORK (August 18, 2015) – Prodigy Network, the leading name in real estate crowdfunding, launched a new crowdfunding campaign today for The Assemblage/25th Street which will creatively marry growing trends in collaborative workspaces with short–term residential living. Minimum investments will be $20,000 for US Accredited Investors and $50,000 for Foreign Investors.
“Prodigy Network is tapping into the thriving collaborative workspace market with The Assemblage/25th Street,” said Brian Newman, Vice President of Business Development for Prodigy Network. “The Assemblage will be home to a community of top creators and entrepreneurs, looking to connect and build relationships to achieve inspiring goals.”
The Assemblage/25th Street, a 12-story, 45,000 square foot loft building located at 114-116 East 25th Street. The project will be designed by the globally recognized New York City-based design boutique, Meyer Davis. The design boutique specializes in residential, hospitality, retail, and workplace environments, throughout the U.S. and abroad. They plan to make a creative use of its collaborative workspace and combine it with 42 luxury residential units. The property will have a roof top deck with a unique bar and exceptional views of the Manhattan skyline.
Today’s announcement marks the fourth Manhattan project for Prodigy Network following the successful projects of AKA Wall Street and AKA United Nations, both of which are currently reaching completion and approaching condo sales. The Assemblage/17John, located in the Financial District, successfully raised $50 million in crowdfunding.
Prodigy Network is the leader in real estate crowdfunding in the United States. To date its Manhattan portfolio, composed of three properties, exceeds an estimated value of $550 million with over $105 million of crowdfunded equity. To learn more about Prodigy Network, please visit www.prodigynetwork.com
About Prodigy Network
Prodigy Network is the largest crowdfunding platform in the United States. The company has revolutionized both the commercial real estate and crowdfunding industries by being the first to meld the two worlds. Prodigy Network has raised more than $329 million in equity from approximately 6,200 investors, from 19 countries and 25 states in the United States, and is currently developing commercial real estate projects in Bogota and Manhattan, valued at more than $850 million. Major money center banks like Deutsche Bank, CIBC and Bank of America have provided traditional financing for Prodigy Network’s Manhattan projects. Rodrigo Nino, Founder and CEO, believes crowdfunding will democratize commercial real estate by providing a new asset class for small investors, revolutionizing the industry. Nino has spoken at worldwide conferences and a noteworthy guest at NYU, MIT, Yale, Harvard University and the AEDES gallery in Berlin, Germany. For more information please visit www.prodigynetwork.com
The post Prodigy Network Launches Crowdfunding For The Assemblage/25th Street appeared first on GoodCrowd.info.