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JPMorgan and NYC HDC Support $162.9M Williamsburg Construction Financing
Slate Property Group and RiseBoro Community Partnership have closed on acquisition and construction financing for two affordable and supportive housing developments in Williamsburg, Brooklyn. According to Commercial Observer, the development team secured a $162.9 million loan to build the projects at 178 Montrose Avenue and 73 Meserole Street. JPMorgan Chase originated the financing, which was arranged by the New York City Housing Development Corporation. The broader financin
ARCFE U.S.
Jul 283 min read
【NYC Real Estate】Avery Hall Investments Plans 250-Unit Mixed-Use Tower in Crown Heights
The residential development market in New York City continues to thrive, driven by robust tenant demand and supportive zoning policies. Recently, prominent Brooklyn-based developer Avery Hall Investments officially filed plans with the New York City Department of Buildings (NYC DOB) to construct a new 18-story mixed-use residential tower in the heart of Brooklyn’s Crown Heights neighborhood. Located at 1550 Bedford Avenue, at the prominent intersection of Eastern Parkway and
ARCFE U.S.
Jul 62 min read
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