Lincoln Property Company

455 Jefferson Street, image via teaser site

Loan Acquired For Six-Story Office & Retail Conversion At 455 Jefferson Street, Bushwick

12:00 pm on October 14, 2015 By Reid Wilson

Late last month, YIMBY brought you news of the mixed-use commercial conversion of the six-story former warehouse at 455 Jefferson Street, in northern Bushwick. Now, Dallas-based Lincoln Property Company and Boston-based Alcion Ventures have secured a $51.2 million loan for the project, according to Commercial Observer. The building will have offices on every floor and retail space at street level, which will total 122,697 square feet in rentable space. Work began last month, and completion is expected next June.

Rivertowns Square

Developer To Build 202-Unit Rental Building At Rivertowns Square, Mixed-Use Project In Dobbs Ferry

6:00 am on August 17, 2015 By Reid Wilson

Dallas-based Lincoln Property Company has paid $9.6 million for a lease to build the residential portion of Rivertowns Square, a mixed-use development located off the Saw Mill River Parkway, in Westchester’s Dobbs Ferry. According to Westfair, a 202-unit, 277,000 square-foot rental building is planned on Danforth Avenue. Dobbs Ferry Capital Partners and Saber Real Estate Advisors are developing the overall project, which will include an 138-key hotel on Livingstone Avenue, and 112,000 square feet of commercial space, which is now 80% leased. An office campus has already been demolished to make way for the new construction, and opening of the first commercial building is expected next summer.

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