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| Underground Parking Garage, within Edge mixed-use project Williamsburg Neighborhood, Brooklyn, NY |
NEW YORK, NY – HFF announced it has closed the
recapitalization of a 499-space underground parking garage located within the
Edge mixed-use project in the Williamsburg neighborhood of Brooklyn, New York.
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| Andrew Scandalios |
In 2014, HFF worked on behalf of the seller to close the recapitalization of 1.19 acres of land entitled for the development of 2 North 6th Place now underway and the sale the existing 64,000-square-foot retail portion of the property.
The 499-space parking garage is part of The Edge mixed-use
project, a master planned development featuring 565 constructed residential
condominiums, 347 moderate-income units and 554 to-be-built residential units
that will be located in a second phase tower.
The Edge also includes nine street-level retail spaces
leased to tenants such as CVS and Brooklyn Harvest Market. The complex is situated along Kent Avenue and
North 6th Street in Williamsburg, Brooklyn.
The HFF team representing Douglaston was led by senior
managing director Andrew Scandalios,
managing director Rob Rizzi, senior
managing director Eric Anton and
associate director Colin Oberg.
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| Rob Rizzi |
Douglaston Development, Levine Builders and Clinton
Management coordinate cohesively to acquire property, develop it to its full
potential, and manage it creatively to assure that its investments achieve and
maintain maximum value and profitability.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
ohennessey@hfflp.com
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