Heritage Equity Partners recently secured $53 million in construction financing to build a new multifamily rental property in Sunset Park, Brooklyn. The property is located at 875 4th Avenue in an area colloquially referred to as South Slope and will yield 150 units.
Heritage Equity Partners
25 Kent Avenue in North Williamsburg, Brooklyn is designed by Hollwich Kushner with Gensler as the design development architect. The eight-story building features a distinctive stepped massing and spans an entire city block, yielding half a million square feet of office space with 15-foot ceilings. The project is developed by Rubenstein Partners and Heritage Equity Partners, who are continuing to fill the property and aim for full occupancy by the middle of 2021. 25 Kent Avenue is the first commercial office building to be constructed in the area in more than 40 years.
Located in Williamsburg along Kent Avenue, between North 12th Street and North 13th Street, the full-block, eight-story structure at 25 Kent Avenue will soon contain over half a million square feet of office space. Combining 15-foot high ceilings for the office floors with waterfront views of Manhattan and Bushwick Inlet Park, future tenants will also have access to multiple outdoor terraces stepping up to a landscaped rooftop. The project is being designed by Hollwich Kushner and Gensler, and developed by Rubenstein Partners and Heritage Equity Partners.
Permits have been filed for an eight-story residential development at 875 Fourth Avenue in Greenwood Heights, Brooklyn. The site is three blocks from the 36th Street subway station, serviced by the D and R trains. The existing gas station was sold to Heritage Equity Partners for $19.8 million. The firm’s Toby Moskovits is listed as behind the applications.
A major commercial project has officially topped-out at 25 Kent Avenue, Williamsburg, Brooklyn. The building will bring a phenomenal amount of office space to the area, along with room for retail and production facilities. Rubenstein Partners and Heritage Equity Partners are developing the full-block eight-story structure.