JLL Capital Markets has successfully closed an $80 million land recapitalization and arranged equity capitalization for the development of a mixed-use community at 499 President Street in Gowanus, Brooklyn. The Brodsky Organization, Avery Hall Investments, and Battery Global Advisors have joined forces to form a joint venture that will develop and operate the property. Scheduled for completion in 2025, this project will feature 262 market-rate units, 88 affordable apartments as well as 20,000 square feet of ground-floor retail space taking advantage of the Affordable New York Program. Building amenities include a rooftop pool club with fitness center plus co-working spaces among others. JLL Capital Markets Advisory team was led by Christopher Peck along with Nicco Lupo and Jonathan Faxon who brought this deal to fruition.
“Naftali Group Launches Sales for Luxury Condo Project in UWS”
The Henry, a luxurious new condominium building located on Manhattan’s Upper West Side, has recently been launched for sales by
Steve Griffin
September 27, 2024
