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.
Permits have been filed for a six-story mixed-use structure at 522 Grand Street, in Williamsburg, Brooklyn. The site is four blocks away from the Metropolitan Avenue Subway Station, serviced by the G and L trains. The site changed hands in July of 2016, for $3.1 million. An anonymous LLC is behind the applications.
Permits have been filed for a two-story commercial building at 4202 13th Avenue, in Borough Park, Brooklyn. The site is eight blocks away from the Fort Hamilton Parkway Subway Station, serviced by the D trains. Eleven blocks to the north is Church Avenue, serviced by the F and G trains. TRAC NYC will be responsible for development.
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.
Construction is moving along for the 22-story residential building at 511 East 86th Street, on the Upper East Side of Manhattan. The project is in Yorkville, and is just two avenues away from the brand new 86th Street Subway Station, serviced by the Q trains. Sky Management is responsible for the development.