Parkview Financial recently provided a $92 million construction loan to facilitate the completion of a ten-story commercial building at 1498-1538 Coney Island Avenue in Midwood, Brooklyn. The building will comprise over 215,000 square feet of retail, office space, and community facilities.
Baruch Singer, the developer of the property, is doing business as Triangle 613, LLC, the entity listed as property owner on New York City Department of Buildings applications.
Office and community facility space will total approximately 112,000 square feet spanning floors two through ten. A sizable retail component will occupy roughly 51,000 square feet of the first three floors and the cellar level.
Tenants will also have access to an automated parking garage with technology powered by Unitronics.
According to CEO and Founder of Parkview Financial Paul Rahimian, Parkview’s financing is being used to pay off two existing loans on this project with remaining costs allocated to complete construction. Meridian Capital Group arranged the financing for the loan.
To date, more than 30 percent of pre-leasing commitments are already in place.
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Wow, that looks like a downgrade from earlier.
Earlier?
what a disgusting building.
Where are the windows?
Looks like a prison
It’s nothing but a steal frame , no concrete foundation used at all.
Hasidic developers are usually the worst
Stuff it
Really—“…a steal [sic] frame…” The only thing worse than your spelling, punctuation, and lack of capitalization is your blatant anti-semitism.
This looks great. What’s with all the bellyaching?