Greenpoint Landing

Brookfield, Park Tower land $137M in financing for Greenpoint Landing tower Bank of Nova Scotia finances 373-unit resi building

37 Blue Slip (credit: CityRealty)

Brookfield Property Partners locked down $137 million in financing from the Bank of Nova Scotia for one of the apartment towers it’s deve上海千花社区


oping at the massive Greenpoint Landing project in Brooklyn with the Park Tower Group.

The Canadian lender provided the financing for 37 Commercial Street (a爱上海同城对对碰

lso known as 37 Blue Slip), where the developers are building a 30-story, 373-unit residential tower spanning nearly 300,000 square feet, property re爱上海龙凤419桑拿

cords filed with the city Wednesday show.

The Bank of Nova Scotia also assumed a $32.88 million piece of the $75 million the Industrial and Commercial Bank of China provided the developers when Brookfield partnered with Park Tower on the site in 2015. The tower, the first market-rate building in the 11-building complex, topped out last month.

A representative for Brookfield was not immediately available for comment.

Greenpoint Landing Associates bought the site at the mouth of Newtown Creek separating Greenpoint from Long Island City in 2005 for $44 million, property records show.

The Greenpoint Landing megaproject covers 22 acres and, when complete, will have 5,500 residential units spread across 11 buildings. L+M Development Partners is developing the megaproject s three上海千花网交友

affordable housing buildings, located at 5 Blue Slip, 21 Commercial Street and 33 Eagle Street.

Tags: Brookfield Property Partners, Commercial Real Estate, greenpoint landing
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