The Rabsky Group recently closed on a $72 million construction loan to complete a new high-rise residential building at 240 Willoughby Street in Fort Greene, Brooklyn. Provided by SCALE Lending, the construction loan will also fund the renovation of an existing 21-story, 189-unit multifamily development within the same complex.
Permits have been filed for a 21-story mixed-use building at 101 Fleet Place in Downtown Brooklyn. Located between Myrtle Avenue and Willoughby Street, the lot is near the Dekalb Avenue subway station, serviced by the B, Q, and R trains. The Jay Group is listed as the owner behind the applications, after purchasing the site late last month from Leser Group for $40 million.
Permits have been filed for an 11-story mixed-use building at 50 Sackman Street in Ocean Hill, Brooklyn. Located between Herkimer Street and Fulton Street, the lot is near the Broadway Junction subway station, serviced by the A, C, J, and Z trains. TOT Developers is listed as the owner behind the applications.
Leasing is now underway at Brooklyn Crossing, a new 51-story residential tower in Prospect Heights, Brooklyn. Located at 18 Sixth Avenue, the property is the latest building to debut within the 22-acre Pacific Park master-planned development zone.
A consortium of private developers recently closed on a $600 million loan to complete renovations and infrastructure upgrades across a 1,673-unit NYCHA public housing portfolio. Boulevard Together Developer LLC, a joint venture with The Hudson Companies, Property Resources Corporation, and Duvernay + Brooks, is undertaking the refurbishment of a total of 29 buildings in East New York.
