Xin Development Group has closed on a $45 million inventory loan for The Oosten Condominiums in South Williamsburg, Brooklyn. The owner and developer will use the inventory loan to pay off remaining construction loans secured to finance completion of the property.
Construction is nearing completion on Bloom on Forty Fifth , a 92-unit residential building located at 500 West 45th Street in Hell’s Kitchen, is nearing the end of construction. Designed by Marvel Architects and developed by Xin Development International, the property is located between West 44th and West 45th Streets on a plot formerly occupied by a gas station. Kuafu Properties is the project manager and Leeding Builders Group is overseeing construction on the project. The property was formerly addressed as 615 Tenth Avenue.
The curtain wall assembly is progressing swiftly at 615 Tenth Avenue, AKA Hudson Garden, a new residential development in Hell’s Kitchen. The last of the large prefabricated panels are being hoisted into place on the topped-out, seven-story superstructure, which spans a full block between West 44th Street and West 45th Street. The 92-unit property is being designed by Marvel Architects and developed by Xin Development International, with Kuafu Properties as the project manager and Leeding Builders Group overseeing construction.
XIN Development, the American arm of Chinese builder Xinyuan Real Estate, is pushing forward with its second major condo project in New York City. The Beijing-based firm filed plans for a seven-story apartment building at 615 Tenth Avenue, between West 44th and West 45th streets in Hell’s Kitchen.
One of the most interesting condominium developments in Brooklyn draws inspiration from a distant land. It’s called Oosten, and it’s the product of Chinese developer XIN Development, Dutch designer Piet Boon, and Brooklyn-based think! architecture and design pllc. You’ll find it under construction at 429 Kent Avenue in Williamsburg and our friend Tectonic sent YIMBY exclusive photos of an inside tour.