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

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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

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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

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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

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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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