21
NEW YORK CITY — A partnership between Crimson Real Estate Fund and USAA Real Estate Co. has acquired an infill multifamily development site in New York City. Patrinely Group will co-develop the property with DHA Capital LLC. The half-acre site is located at 546 W. 44th St. on Manhattan's West Side. The proposed project will have 298 units of market rate (80 percent) and affordable (20 percent) housing. The two-building project is slated to begin in the first quarter of 2014.