Permits have been filed for an eight-story commercial facility at 72 Caton Place, in Windsor Terrace, Brooklyn. The site is half a block away from the southern end of Prospect Park. Six blocks away is the Fort Hamilton Parkway, serviced by the F and G trains. Bobby Dweck of JEMB Realty will be responsible for the design.
Eastern Consolidated has secured a $121.35 million debt and equity package for 140 West 28th Street, a 45-story, 526-key hotel set to rise in Chelsea. The deal is comprised of two sources, which are $97.5 million for the mortgage with Bank of the Ozarks, and $23.85 million for mezzanine construction by Square Mile Capital Management.
The Williamsburg development boom continues apace, and today YIMBY has the details for a mixed-use project that is coming to 72 South Second Street. T.F. Cusanelli & Filletti Architects in collaboration with INNOCAD architecture will be designing the building, which will result in a completely refurbished corner fronting directly onto Wythe Avenue, and we first reported on the DOB applications back in September of 2016.
Plans for a new eight-story apartment building at 885 Grand Street in East Williamsburg are moving ahead after the joint venture of Lemle & Wolff Development Co. and Alphonso Milo secured a $12.85 million construction loan from Sterling National Bank. Today, YIMBY also has the first rendering for the project.
A new mixed-use condominium building is racing toward completion in the East Village of Manhattan. 24 2nd Avenue has topped out at the 10th story, with nearly all window installation now complete. Permits were filed for the structure in mid-2015, replacing East Village’s last gas station. AORE Capital is responsible for the development.