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70 Schermerhorn, Rendering courtesy JLL

Rendering Revealed & Funding Secured for 70 Schermerhorn Street, Brooklyn Heights

A twelve-story condominium building has received funding for its imminent rise at 70 Schermerhorn Street, in Brooklyn Heights, Brooklyn. The announcement comes from JLL’s Capital Markets, who raised $42.1 million in joint-venture equity from a $512 million fund managed by The Davis Companies. The capital will be allocated for construction financing. Lonicera Partners and Orange Management are behind the project, and the news comes also comes with a rendering.

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1968 2nd Avenue, via Google Maps

Permits Filed for 1968 2nd Avenue, East Harlem

Permits have been filed for a two-story commercial building at 1968 2nd Avenue, in East Harlem, Manhattan. The site is three blocks away from the 103rd Street Subway Station, serviced by the 4 and 6 trains. Five blocks to the south is the 96th Street Subway Station, serviced by the Q trains. An anonymous LLC is listed as responsible for the development.

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