The affordable housing lottery has launched for Williamsburg Apex, a pair of eight-story mixed-use buildings at 28 Boerum Street and 255 Lorimer Street in South Williamsburg, Brooklyn. Developed by Loketch Group, Joyland Group, and Meral Property Group, the structures yield 336 residences. Available on NYC Housing Connect are 101 units for residents at 130 percent of the area […]
read morePermits have been filed for a seven-story residential building at 817 Classon Avenue in Crown Heights, Brooklyn. Located between Lincoln Place and St. Johns Place, the lot is in walking distance of the Eastern Parkway-Brooklyn Museum subway station, serviced by the 2 and 3 train and the Park Place station, serviced by the Franklin Avenue shuttle. Moishe […]
read moreWatermark Capital Group has sealed $50.6 million of acquisition financing for the purchase of ant Brooklyn office building slated to be converted into multifamily housing, Commercial Observer has learned. BridgeCity Capital originated the loan on 175 Pearl Street, an eight-story building in Brooklyn’s Dumbo neighborhood that Watermark recently acquired for $66.5 million from Cannon Hill […]
read moreA Downtown Brooklyn office tower could become housing under a new conversion plan. Williamsburg-based developer Watermark Capital Group, which has been busy scooping up numerous houses of worship across the borough — one of them most recently in Fort Greene — just acquired a large office building at 175 Pearl St. with plans to knock […]
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