Naftali Group and Access Real Estate secure $374.35 million in refinancing for the 3.75-acre Phase I of the Williamsburg Wharf waterfront development.
Naftali Group and Access Real Estate have finalized a $374.35-million refinancing deal for Phase I of Williamsburg Wharf, a 3.75-acre master-planned residential project located along the East River in the Williamsburg neighborhood of Brooklyn. The financing was provided by Barings and arranged by the Walker & Dunlop Institutional Advisory team.
The development has experienced strong absorption since opening last year. The luxury rental component, consisting of buildings Two, Three, and Four Williamsburg Wharf, is over 90% leased across more than 500 apartments, while the project’s initial luxury condominium offering, One Williamsburg Wharf, is nearing full occupancy with only a limited number of units remaining.
A housing lottery has opened for the 2334-2336 Valentine Avenue multifamily development in the Fordham neighborhood of The Bronx.
The US government secures a court order to forfeit a $6 million luxury condo in Manhattan's Flatiron district linked to the 1MDB fraud case.
Mayor Zohran Mamdani’s housing plan aims to create 400,000 units, but critics argue existing policies and labor requirements under the 485x tax program hinder necessary capital improvements and new production.
WellLife Network files plans for a 165-unit, 105,697-square-foot residential building at 129 Osborn Street in Brooklyn.
Permits have been filed for a residential project at 33-28 148th Street in Flushing, Queens.
A housing lottery has launched for HELP Hinsdale C, a new residential building located at 314 Hinsdale Street in East New York, Brooklyn.
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