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| Rendering of Planned 1 Boerum Place Downtown Brooklyn, NY |
NEW YORK, NY –– Holliday Fenoglio Fowler, L.P. (HFF) announces it has
secured $165 million in financing for the development of One Boerum Place,
a 21-story, luxury mixed-use condominium development in Downtown Brooklyn.
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| Christopher Peck |
One Boerum Place will be situated in Downtown Brooklyn’s Borough Hall
district at the convergence of some of the area’s most coveted neighborhoods,
including Boerum Hill, Cobble Hill, Brooklyn Heights and Fort Greene.
Due for completion
in the first quarter of 2021, the 122-unit project will be steps from the A, C,
F, 2, 3, 4, 5 and R subway lines, providing excellent connectivity around New
York City.
The building’s
design includes spacious layouts in a variety of one- through four-bedroom
floorplans, which will provide sweeping views of the Manhattan and Brooklyn
skylines, the East River and New York Harbor.
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| Graham Stephens |
One Boerum Place is
also planned to include a full suite of amenities, such as a pool with sauna
and changing room area, two-story fitness center, entertainment lounge,
children’s playroom, landscaped rooftop with outdoor kitchen, fully attended
lobby with 24/7 doorman and concierge service, residential storage and a fully
automated parking garage.
In addition, the project will feature nearly
22,000 square feet of ground-floor retail space.
The HFF debt placement team included managing directors Christopher
Peck and Graham Stephens, senior director Peter Rotchford and
associate Alex Staikos.
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| Peter Rotchford |
“It’s always exciting to introduce new capital to a market and watch
our client build something special,” Peck said.
Allegra Holdings is a Spanish real estate investment company
headquartered in Alcobendas, Spain, that specializes in real estate investments
across all property types around the world.
With major investments in the United States, Spain, the United Kingdom, Brazil, Australia, Canada, Colombia and Portugal, the company has a wide variety of assets and investments. Their current portfolio consists of over $1 billion in assets worldwide.
With major investments in the United States, Spain, the United Kingdom, Brazil, Australia, Canada, Colombia and Portugal, the company has a wide variety of assets and investments. Their current portfolio consists of over $1 billion in assets worldwide.
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| Alex Staikos |
Avery Hall’s experienced and interdisciplinary team is ready to tackle tough development challenges to generate superior, risk-adjusted returns.
The firm shepherds every project from architectural and zoning feasibility studies, through day-to-day construction, to completion and disposition.
Avery Hall Investments is committed to creating projects which enhance the quality of life in the communities in which it invests, with a focus on long-term value growth.
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| Avi Fisher |
Aria is a real estate investment and development firm with offices in New York City, Washington, D.C. and Miami.
Founded in 2009 by partners Joshua Benaim, David Arditi and Timothy Gordon, the firm marries a classic value investment strategy with the traditional real estate principles of location, scarcity and beauty.
Aria invests capital on behalf of its principals and partners in both real estate equity and real estate related debt.
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| Joshua Benaim |
Aria’s development projects are focused on creating distinguished urban infill multifamily and mixed-use properties in great neighborhoods.
Notable developments include 321 Ocean in Miami Beach, The Bond and The Alden in Washington, D.C. and 465 Pacific in Boerum Hill, Brooklyn, New York.
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| David Arditi |
Since inception, Aria has invested in excess of $300 million of equity through joint ventures and its discretionary fund, Aria Investment Partners LP. http://ariadevelopmentgroup.com/
CONTACTS:
CHRISTOPHER PECK
NY Lic. #40PE1175637
HFF Managing Director
(212) 245-2425
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403
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