The Hudson Companies has closed a $28.3 million capital restructuring deal for House No.94, a five-story residential building at 94 North 3rd Street in Williamsburg, Brooklyn. The transaction, brokered by Newmark Holdings, involved financing from Voya Financial and a new joint venture with Meadow Partners.
The Hudson Companies Inc.
Excavation is progressing for Riverwalk 9, a 28-story residential building at 430 Main Street on Roosevelt Island. Designed by Handel Architects and developed by Related Companies and The Hudson Companies, the 305-foot tall, 292,865-square foot structure will yield 253 market-rate rental apartments in studio to three-bedroom layouts, with 104 units reserved for employees of Memorial Sloan Kettering Cancer Center (MSK), as well as 3,700 square feet of ground-floor office space for the Roosevelt Island Operating Corporation. Monadnock Construction is the general contractor for the project, the final component of the Riverwalk master plan, located along Main Street just east of the Riverwalk Commons green lawn.
The Hudson Companies, St. Nicks Alliance, and Project Renewal have closed on a $66 million construction loan for phase one of the Greenpoint Hospital Campus redevelopment project. Located in East Williamsburg, Brooklyn, the 3.4-acre site is bounded by Masbeth, Skillman, and Debevoise Avenues and has sat vacant since the early 1980s.
Developers and elected officials recently joined for a groundbreaking ceremony at Logan Fountain, a 169-unit mixed-income housing property at 265 Logan Street in Cypress Hills, Brooklyn. Designed by MHG Architects and developed in collaboration by The Hudson Companies, Jericho Project, and HELP USA, the 13-story building is the latest development to break ground as a result of the 2016 East New York Rezoning Initiative and will comprise a mix of affordable and supportive housing units. Construction began in August and is expected to wrap up by the end of 2024.
Related Companies and The Hudson Companies have closed on a $185 million financial package to complete Riverwalk 9, a 28-story residential building at 430 Main Street on Roosevelt Island. Designed by Handel Architects, the tower is the ninth and final component of the Riverwalk mega-development. Wells Fargo provided financing for the housing development.