Posts by hilltopadmin
Gindi Capital, Avery Hall Secure $110M Construction Financing For 204 4th Avenue In Gowanus, Brooklyn
This week Gindi Capital and Avery Hall closed on $110 million in construction financing for the development of a 13-story, 193-unit mixed-use, mixed-income building at 204 4th Avenue in Gowanus, Brooklyn. Located at the intersection of the Gowanus and Park Slope neighborhoods on a full city block between Union and Sackett Street, the ground-up construction…
Read MoreBrodsky joins Avery Hall on Gowanus project, lands $155M in financing
Brodsky has partnered with Avery Hall on a 350-unit development at 499 President St., the company announced to Crain’s on Wednesday. The mixed-use project, designed by SLCE Architects, will also include 20,000square feet of ground-fl oor retail and span roughly 322,000 square feet overall. M&T Bank and the Bank of New York have provided a…
Read MoreHair and Beauty Suite Renter Salons by JC to Open First Brooklyn Location
Salons by JC — which leases out suites to haircutters, aestheticians and other beauty professionals — will open its first Brooklyn location at 1 Boerum Place this fall, Commercial Observer has learned. The company inked a 20-year deal for 13,316 square feet on the first and second floor of the 23-story Downtown Brooklyn apartment property,…
Read MoreNew York-based Avery Hall to break ground on next NoDa mixed-use project before 2022 ends
New York-based Avery Hall will break ground on its next Charlotte project by year end. The Brooklyn real estate developer, in partnership with Declaration Partners, is planning a 420,000-square-foot mixed-use development at 300 E. 36th St. Tarlton Long, principal and director of Avery Hall Southeast, said the project will include a 294-unit apartment building with…
Read MoreMovie Night Done Right: Designing the Home Theater
Already an over-the-top convenience, home cinemas should have the plushest seating, a stocked mini bar and dark, moody colors
Read MoreIn Summer, Two New Mighty Quinn’s Barbecue Outposts Come to Brooklyn
Brooklyn-based barbecue fans are in luck: Two new Mighty Quinn’s Barbecue restaurants are headed to Downtown Brooklyn and Williamsburg, Commercial Observer has learned. The two locations — in 2,000 square feet at 1 Boerum Place in DoBro and just under 3,000 square feet at 360 Wythe Avenue in Williamsburg — will open in the summer.
Read MoreOne Boerum Place Developers Nab $177M Recap From QuadReal, Global Holdings
The joint venture, led by Avery Hall, that is developing the One Boerum Place residential tower in Downtown Brooklyn has nabbed a roughly $176.5 million debt package to recapitalize it amid ongoing plans to convert the project to luxury rentals from for-sale condominiums.
Read MoreOne Boerum Place is Nearly 40 Percent Leased as Move-Ins Commence
Avery Hall recently announced that One Boerum Place, the high profile full-block new development designed as a condominium where leasing commenced in May, is nearly 40% leased.
Read MoreAffordable Housing Lottery Opens for 42 Units in Downtown Brooklyn, Starting at $2,000 a Month
An affordable housing lottery has opened for 42 units in a 21-story tower at 1 Boerum Place, hanging over a prominent corner near Borough Hall in Downtown Brooklyn. Of the affordable apartments, there are 10 studios, 11 one-bedroom units and 21 two-bedroom units. Monthly rents start at $2,000 and top out at $3,120.
Read MoreThe Case for Building a Grocery Store in NoDa
Avery Hall will begin construction this year on a five-story mixed-use development at the corner of North Tryon and 36th. The New York firm plans to anchor the site with something NoDa neighbors have been asking about for years: another grocery store.
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