Retail

Site 4 North of Essex Crossing, 180 Broome Street, rendering by Handel Architects

$200 Million Construction Loan Secured for 180 Broome Street, Essex Crossing, Lower East Side

Delancey Street Associates has closed a deal for funding the construction of 180 Broome Street, on the Lower East Side. The capital comes from Wells Fargo and M&T Bank, along with equity from DSA and Goldman Sachs Urban Investment Group. The loan secures $200 Million out of the projected total construction cost of $300 million. Essex Crossing is being developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Investment Partners, and Goldman Sachs.

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136-21 Hillside Avenue, rendering by Issac & Stern PC

New Renderings Revealed, Permits Filed for 136-21 Hillside Avenue, Kew Gardens, Queens

Permits have been filed for a three-story commercial building at 136-21 Hillside Avenue, in Kew Gardens, Queens. The site is on the corner of Hillside Avenue and an exit from the Van Wyck Expressway. Two blocks away is the Jamaica-Van Wyck Subway Station, serviced by the E trains, and the Jamaica Long Island Railroad Train Station is a fifteen-minute walk away.

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