Property Markets Group (PMG) and Carlyle have secured a $335 million construction loan and $165 million LP equity for the luxury mixed-use community, Sackett Place and Society Brooklyn, located in Gowanus, Brooklyn. The two towers are projected to open in 2025 with 517 multi-housing units as well as 10,000 square feet of retail space. This development is part of the Gowanus rezoning initiative which includes permanent affordable housing.
JLL’s Capital Markets Advisory Team was led by Christopher Peck along with Andrew Scandalios, Peter Rotchford, Nicco Lupo Rob Hinckley Jeff Julien and Jonathan Faxon to secure a total capitalization of $520M for this project.
“Capkov’s Progress on 99-Acre Hillsborough Development Project”
Capkov Ventures has obtained all necessary approvals to proceed with a mixed-use development on 99 acres in Hillsborough. The project
Steve Griffin
September 17, 2024
