NEW YORK, NY, June 7, 2023 – JLL Capital Markets has closed an $80
million land recapitalization and arranged the equity capitalization for the
development of a mixed-use community located at 499 President Street in
Gowanus, Brooklyn.
The
community will feature 350 luxury apartments and approximately 20,000 square
feet of ground-floor retail.
 |
| Christopher Peck |
Upon completion in 2025, the nine-story
development will feature 262 (75%) market rate units and 88 (25%) affordable
apartments and be one of the final New York City developments constructed under
the Affordable New York Program.
499 President Street is located at the border of
Gowanus and Park Slope, which is surrounded by the brownstone neighborhoods of
Boerum Hill and Carroll Gardens.
The JLL Capital Markets Advisory team was led by
Senior Managing Director, Christopher Peck, Director, Nicco Lupo,
and Vice President, Jonathan Faxon.
“The recent rezoning has paved the way for the transformation of Gowanus from a predominantly industrial neighborhood to a vibrant new community of homes, open space and dynamic retail,” said Peck.
Nicco Lupo
About The Brodsky Organization
The Brodsky
Organization is one of Manhattan's most established
developers, owners, and managers of residential and commercial spaces
in New York City.
The company has developed over 10,000 apartments in more than 85 rental, condominium, and co-op buildings.
The neighborhoods span from West
and Greenwich Village to Chelsea, Midtown West to
Morningside Heights, and Midtown East to Carnegie Hill
and Downtown Brooklyn.
Contact
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
No comments:
Post a Comment