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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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671 Liberty Avenue, via Google Maps

Permits Filed for 671 Liberty Avenue, East New York, Brooklyn

Permits have been filed for a four-story mixed-use building with a penthouse at 671 Liberty Avenue, in East New York, Brooklyn. The development will rise three blocks away from the Cleveland Street Subway Station, serviced by the J trains. The Shepherd Avenue Subway Station is seven blocks further, serviced by the A and C trains. Right around the corner is the Sperandeo Brothers Public Playground.

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18 India Street

RedSky Capital’s 40-Story Towers Coming to Greenpoint Waterfront Revealed

The wave of new developments rising along the Brooklyn and Queens waterfronts saw substantial vertical progress in 2017, with towers like The Greenpoint topping-out, and projects like TF Cornerstone’s Hunters Point South high-rises getting fresh renderings. The first days of 2018 are already signaling a continuation of the boom, and today YIMBY has the exclusive reveal for renderings of RedSky Capital’s redevelopment at 18 India Street, on the Greenpoint waterfront, which will yield approximately 650,000 square feet of space.

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