Fogarty Finger

Arris Grand, courtesy of Fogarty Finger

SCALE Lending Finalizes $46 Million Bridge Loan for Arris Grand in Clinton Hill, Brooklyn

SCALE Lending, the debt financing division of Slate Property Group, has finalized a $46 million bridge loan for Arris Grand, a recently completed nine-story residential building at 982-998 Fulton Street in Clinton Hill, Brooklyn. The loan will be utilized to pay off the existing construction loan and support the lease-up phase of the multifamily building.

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Excavation Begins at 29-15 40th Road in Long Island City, Queens

Construction has broken ground at 29-15 40th Road, the site of a new residential building in Long Island City, Queens. Details are slim for the project, which is being designed by Fogarty Finger Architects and developed by SB Development, which also acquired the adjacent lot at 29-13 40th Road for $8.7 million over the fall. 29-15 40 RD LLC is listed as the owner and Alba Services Inc. served as the demolition contractor for the property, which is located on an interior lot bound by 40th Avenue to the north and 40th Road to the south.

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Housing Lottery Launches for Arris Grand at 445 Grand Avenue in Clinton Hill, Brooklyn

The affordable housing lottery has launched for Arris Grand, a nine-story residential building at 445 Grand Avenue in Clinton Hill, Brooklyn. Designed by Fogarty Finger and developed by KD Sagamore-Ranger Fulton LLC, the structure yields 113 residences, 7,652 square feet of ground-floor commercial space, and a 4,362-square-foot community center for the Seventh Day Adventist Church. Available on NYC Housing Connect are 34 units for residents at 80 to 130 percent of the area median income (AMI), ranging in eligible income from $55,715 to $198,250.

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15 Hanover Place Nears Completion in Downtown Brooklyn

The 24th-tallest building on our year-end construction countdown is 15 Hanover Place, a 463-foot-tall residential tower nearing completion in Downtown Brooklyn. Designed by Fogarty Finger and developed by Lonicera Partners, the 34-story structure will span 295,000 square feet and yield 314 apartments, with 95 reserved for affordable housing, as well as 9,000 square feet of ground-floor retail space. Rabina is the co-developer and Noble Construction Group is the general contractor for the property, which was formerly addressed as 23 Hanover Place and is located at the corner of Livingston Street and Hanover Place.

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Arris Grand Nears Completion At 445 Grand Avenue in Clinton Hill, Brooklyn

Construction is approaching the finish line on Arris Grand, a nine-story residential building at 445 Grand Avenue in Clinton Hill, Brooklyn. Designed by Fogarty Finger Architects and developed by Ranger Properties, the 110-foot-tall structure spans 120,809 square feet and will yield 113 market-rate and affordable rental units, 7,652 square feet of ground-floor commercial space, and a 4,362-square-foot community center for the Seventh Day Adventist Church. KD Sagamore Capital is listed as the owner, Corcoran New Development is the exclusive marketing and leasing agent, and Titanium Construction Services is the general contractor for the property, which is located at the corner of Grand Avenue and Fulton Street.

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