 |
| Evan Pariser |
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announces the
capital raise for The Vineyards of Brookfield, a to-be-built, 146-home,
age-restricted (55+) townhome community with a total project cost of $58
million in the Long Island community of Center Moriches, New York.
The HFF team worked on behalf of the
developer, Ornstein Leyton Company (OLC), to secure an investment from Atalaya
Capital Management (Atalaya), a New York City-based investment manager, to
develop the property.
The Vineyards at Brookfield will be
situated on approximately 29 acres near the intersection of Brookfield Avenue
and Wading River Road.
The project will be less than half of a mile south
of Sunrise Highway and adjacent to The Vineyards at Moriches, a 92-unit, active
adult retirement community also developed by Ornstein Leyton Company.
 |
| Rob Hinckley |
The
Vineyards at Brookfield will be completed in two phases, the first of which
will deliver in 2019.
The gated community will feature a state-of-the-art
clubhouse and outdoor recreational facilities featuring amenities, including a
lounge, billiards room, card room, kitchen, fitness center, yoga studio, heated
swimming pool, and bocce and pickle ball courts.
The HFF equity placement team
representing the developer included senior managing director Evan Pariser,
managing director Rob Hinckley and senior director David Fowler.
“Vineyards
at Brookfield is the fourth installment of the highly successful
Vineyards-branded, OLC development line in the area,” Hinckley said.
 |
| David B. Fowler |
"Atalaya proposed a favorable common equity structure to invest in the project given the attractive risk-return profile. We look forward to seeing the project’s success unfold over the next several years.”
For more information, please contact:
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
No comments:
Post a Comment