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| Caesura residential and retail complex, Ashland Place and Lafayette Avenue,Cultural District, Brooklyn, NY |
NEW YORK, NY –– Holliday
Fenoglio Fowler, L.P. (HFF) announces $32 million in financing for Caesura,
a newly completed, 123-unit residential building with ground-floor retail in
Brooklyn’s Cultural District.
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| Steven Klein |
The HFF team worked on behalf of the borrower, Jonathan Rose Companies,
LLC, to place the 10-year, fixed-rate loan with Allegiant Real Estate Capital
LP. Loan proceeds were used to replace the existing construction loan.
Caesura comprises a mix of 74 market-rate and 49 affordable units
within a twelve-floor building with 2,400 square feet of ground-floor retail
located at the corner of Ashland Place and Lafayette Avenue.
Completed earlier
this year, the property is ideally situated at the confluence of Fort Greene
and Downtown Brooklyn, both of which are experiencing an increase of
development.
Caesura, which is already more than 80
percent occupied, is directly across from the BAM Howard Gilman Opera House, a
Whole Foods Market and the Apple Store. The property is also within
walking distance to 11 subway stops.
Caesura features environmentally conscious
design elements to promote healthy living, resource conservation and energy
efficiency, which meet or exceed LEED Gold standards.
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| Geoff Goldstein |
In addition to in-home amenities such as
walk-in closets, in-unit washers and dryers and kitchen islands, the
elevator-serviced building also incorporates common area amenities, including a
fitness center, community lounge, game room, double-height conservatory, roof
garden and lending library.
The HFF team representing the borrower included managing director Steven
Klein and senior director Geoff Goldstein.
“It was an
absolute pleasure to work with the team at Jonathan Rose and Allegiant on this
financing,” Goldstein said. “Jonathan Rose consistently develops
transformative and totally authentic real estate projects that capture the
spirit of their locations and Caesura is no exception. It was an honor to
be part of their creative process.”
CONTACTS:
STEVEN KLEIN
NY Lic. #40KL0957728
HFF Managing Director
(212) 245-2425
GEOFF GOLDSTEIN
NY Lic. #10401288706
HFF Senior Director
(212) 245-2425
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403
ERIC GERARD
Great Ink Communications (for Jonathan Rose Companies)
(212) 741-2977
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