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.
Permits have been filed for a nine-story mixed-use building at 89-26 162nd Street in Jamaica, Queens. Located between 89th Avenue and Jamaica Avenue, the lot is near the Parsons Boulevard subway station, serviced by the F train. Eddie Ni is listed as the owner behind the applications.
Construction is complete on The Willoughby, a 34-story mixed-use tower at 196 Willoughby Street on Long Island University‘s Downtown Brooklyn campus. Designed by Perkins Eastman and developed by RXR Realty, the structure yields 476 residential units as well as academic and office spaces, an adjacent athletic field, and parking for 564 vehicles. Hunter Roberts Construction Group served as the general contractor for the project, which is bound by Willoughby Street to the north, Ashland Place to the east, DeKalb Avenue to the south, and Flatbush Avenue Extension to the west.
Construction is rising on 26 Van Reipen Avenue, a 27-story residential tower in Jersey City‘s seven-building, 2.1-million-square-foot Homestead Place master plan. Designed by C3D Architecture and developed by Nambar Group, the 315-foot-tall structure will yield 235 rental apartments in studio to three-bedroom layouts. The property will also feature ground-floor retail, office space on the third floor, and a swimming pool. The development is located at the intersection of Van Reipen Avenue and Homestead Place.
Oxford Properties has sold St. John’s Terminal to Google for $2.1 billion. Located at 550 Washington Street in Hudson Square, the terminal property is designed by COOKFOX and developed by Oxford Properties and will serve as the anchor of Google’s new corporate campus, which comprises 1.7 million square feet along with two additional sites at 315 Hudson Street and 345 Hudson Street.