NoMad Rental Complex to Feature 49 Residential Units

The New York firm Castellan Real Estate Partners relies on a comprehensive network of contacts in the commercial real estate market to support its investments, developments, lending, and property management work. Led by founding principle John Salib, a graduate of Columbia Business School, Castellan Real Estate Partners is currently developing a building in the Madison Square North neighborhood of Manhattan.

Known as NoMad, Madison Square North is an up-and-coming neighborhood with an increasing variety of restaurants, hotels, and retail shops. Castellan’s new development comprises a 23-story, 42,000 square foot rental building that will contain 49 residential units. Designed with the needs of New York media and technology professionals in mind, the rental development plans for interiors with modern color schemes and high-end finishes, as well as amenities such as a fitness center and meeting rooms. The building will also include 3,800 square feet of retail space.

The project, which has been developed in conjunction with both the New York Inclusionary Housing Program and the Affordable New York Housing Program, will be completed in late 2021.