Totem

Rendering of the site of Herkimer-Williams, via BerlinRosen

Proposed Herkimer-Williams Complex Begins Environmental Review Process in Broadway Junction, Brooklyn

Earlier this year, Brooklyn-based real estate development firm Totem announced plans for Herkimer-Williams, a mixed-use complex in Broadway Junction, Brooklyn. Now in the environmental review process with the New York City Department of City Planning, the project aims to transform a 94,000-square-foot assemblage into a permanently affordable housing development accompanied with commercial, community, and industrial space, and public open areas. The project site is bound by Fulton Street to the north, Atlantic Avenue to the south, East New York Avenue to the east, and Van Sinderen Avenue to the west.

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Rendering of 737 4th Avenue, courtesy of Marino PR

Construction Financing Secured For 737 4th Avenue In Sunset Park, Brooklyn

BEB Capital and Totem, in partnership with Ofer Cohen and SK Development, have secured financing for a new residential development at 737 4th Avenue in Sunset Park, Brooklyn. The structure will yield 187 residential units with 46 designated as permanently affordable homes with a target average price of 48 percent of the area median income, as well as a ground-level retail space. Walker & Dunlop facilitated the $143 million loan for the 193,000-square-foot, 14-story project.

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Rendering illustrates 1057 Atlantic Avenue - Courtesy of Dencityworks

Rendering Revealed for 456-Unit Rental Property at 1057 Atlantic Avenue in Bed-Stuy, Brooklyn

Douglaston Development has revealed new renderings of a 17-story residential building under construction at 1057 Atlantic Avenue in Bedford-Stuyvesant, Brooklyn. Designed by dencityworks, a local architecture studio, the 474,000-square-foot building will deliver 456 apartments, a collection of amenity spaces, and 31,000 square feet of ground-floor retail space.

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