Legion Investment Group and EJS Group secure $190 million construction financing for 11 West 13th St. - 34-unit residential condominium project

Manhattan, NY Legion Investment Group in partnership with EJS Group closed a $190.075 million construction financing package for its forthcoming development at 11 West 13^th St., a condominium project featuring 34 residences in Greenwich Village.

11 West 13^th St. will be 500 ft. tall, making it the tallest residential tower in the neighborhood. Defined by its profile and height-to-unit ratio, the project is a boutique tower, offering 34 residences. This architectural scale ensures a high degree of privacy and exclusivity in one of the city’s most sought-after residential neighborhoods.

The $190.075 million financing package consists of a $140.075 million senior mortgage loan provided by Bank OZK and $50 million mezzanine financing provided by CanAm Enterprises.

“Greenwich Village remains one of New York City’s most resilient residential markets,” said Victor Sigoura, founder and CEO of Legion Investment Group. “This financing from Bank OZK allows us to advance a rare development opportunity. We are confident this project will build upon our track record of enhancing Manhattan’s most historic neighborhoods with design-forward, landmark developments”.

“EJS is proud to continue our longstanding relationship with Bank OZK and CanAM that has spanned several successful projects,” said Ted Segal, founder and president of EJS Group. “We are excited to partner with Legion Investment Group to deliver high-quality residences to this special location in Greenwich Village.”

We are excited to work with respected sponsors like Legion Investment Group and EJS Group on this premier luxury condominium development,” said Dave Sarner, managing director of originations at Bank OZK. “This financing reflects our confidence in the sponsors’ vision and expertise, and we look forward to seeing this project come to life.”

“CanAm is pleased to be closing another financing with EJS and Bank OZK, following other successful transactions…EJS and Legion have done an excellent job putting together this unique project and 11 West 13^th Street promises to be an outstanding addition to the neighborhood.”

The project further expands the significant Manhattan footprint of Legion Investment Group  which focuses on high-end developments in the city’s most storied neighborhoods. The firm is currently leading several high-profile developments, including 1122 Madison Ave. on the Upper East Side — which launched sales in mid-January and has already secured multiple contracts — as well as 38 Gramercy Park East, the first ground-up condominium on Gramercy Park in over a century, and 550 West 21^st St. in West Chelsea. Legion’s recent success includes the total sellout of 109 East 79^th St., which achieved over $400 million in sales with pricing exceeding $4,000 per s/f.

Excavation is currently underway at 11 West 13^th St., with construction completion anticipated in 2027. Sales will be exclusively led by Corcoran Sunshine Marketing Group and are expected to launch in mid-2026.