Property Resources Corporation

Rendering of the new Boulevard Houses - Phiro A/S

Developers Close on $600M Financial Package to Complete Renovations for 1,673 NYCHA Apartments in East New York, Brooklyn

A consortium of private developers recently closed on a $600 million loan to complete renovations and infrastructure upgrades across a 1,673-unit NYCHA public housing portfolio. Boulevard Together Developer LLC, a joint venture with The Hudson Companies, Property Resources Corporation, and Duvernay + Brooks, is undertaking the refurbishment of a total of 29 buildings in East New York.

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Developers Land $60M in Financing for 975 Tiffany Avenue, Longwood, The Bronx

Developed in a partnership between Property Resources Corp. and Camber Property Group, 975 Tiffany Avenue will officially move forward following the securing of $60 million in construction financing. Located in the Longwood neighborhood of The Bronx, the 100% affordable residential project will rise a total of eight stories, replacing a privately owned vacant lot and a private parking lot.

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