Parkview Management secures $57m for Brooklyn resi project

Parkview Management secures $57m for Brooklyn resi project

Published at: 2019-09-10 16:24 | Author: CIJ USA
Parkview Management has secured a $57m loan from JLJ Capital for the completion of a mixed-use scheme in Brooklyn, New York. The project is going up in the city’s Williamsburg neighborhood. Plans include a 17-story residential tower with 63 units and 60,000 sq ft of ground floor retail space.The owner will apply for a tax exemption, which will provide tax credits in return for leasing 30 percent of the apartments at affordable rents as defined by the state. Designed by Syndicate Architecture, the project is slated for completion in the second half of 2020.

Similar Stories:

JLL to market 321 Lenox Avenue in New York City
Delshah Capital has selected JLL Capital Markets to market 321 Lenox Avenue, also known as  »
Massive mixed-use scheme gets green light in St. Petersburg
Edge Central Development Partners was selected to oversee a new mixed-use scheme in St. Pe  »
Construction starts on Bankside resi project in South Bronx
Brookfield Properties broke ground on the first phase of a $950m waterfront residential de  »
Service Properties Trust sells 123 net lease properties for $435m
Service Properties Trust has completed the sale of 123 net lease properties for $435m. The  »