Mixed-Use

Gindi Capital, Avery Hall Secure $110M Construction Financing for 204 4th Avenue in Gowanus, Brooklyn

This week Gindi Capital and Avery Hall closed on $110 million in construction financing for the development of a 13-story, 193-unit mixed-use, mixed-income building at 204 4th Avenue in Gowanus, Brooklyn. Located at the intersection of the Gowanus and Park Slope neighborhoods on a full city block between Union and Sackett Street, the ground-up construction will also have an  expansive amenity package including a rooftop lounge and pool. Affinius Capital LLC provided the construction financing for the project with financing arranged by Christopher Peck and Peter Rotchford of JLL.

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Excavation Begins for Two-Tower Project at 570 Washington Street in West Village, Manhattan 

Excavation and pilings are underway at 570 Washington Street, the site of a two-tower residential project in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital, and The Baupost Group, the $1.25 billion complex will consist of 29- and 36-story towers rising 400 and 450 feet, respectively, and will yield an undisclosed number of condominium units and commercial space. ACI VI Clarkson LLC is the owner and AECOM Tishman is the general contractor for the property, which occupies a 1.3-acre block bound by Clarkson Street to the north, West Houston Street to the south, Washington Street to the east, and West Street to the west. The developers acquired the plot for $340 million in early 2022 and have projected a $1 billion sellout on the homes.

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KPF’s 64 University Place Progresses in Greenwich Village, Manhattan

Construction is progressing on 64 University Place, an 11-story residential building in Greenwich Village, Manhattan. Designed by Kohn Pedersen Fox and developed by Bsafal, the 125-foot-tall structure will span 55,000 square feet and yield 28 condominium units with sales and marketing led by Fredrik Eklund and John Gomes of the The Eklund ǀ Gomes Team at Douglas Elliman Real Estate, as well as a community facility and ground-floor retail space. SPACE Copenhagen is the interior designer, Deborah Nevins is the landscape designer, and CNY Group is the general contractor for the property, which is located between East 10th and East 11th Streets.

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