Posts Tagged ‘Commercial Observer’

Developer Avery Hall and its joint venture partners Declaration Partners and Bridge Investment Group have secured $72.5 million of construction financing to build a multifamily development in Brooklyn’s Gowanus neighborhood, Commercial Observer has learned. TD Bank supplied the loan for the developers’s planned 17-story project at 544 Carrol Street, which is slated for completion in…

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,…

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.

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.

When Avery Hall—led by partners Brian Ezra, Avi Fisher and Jesse Wark (ages 34, 34 and 37 respectively)—proposed building a four-story mixed-use project at 112 Atlantic Avenue (a.k.a., 325 Henry Street) last year they walked into machine gun fire.