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Residential Portfolio Comprised of Four Mid-Rise Buildings with 1,161 Units Nearing Completion; Eight-Acre Newark Project Site Includes Plans to Develop 4,200 Residential Units
NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $395 million loan to Accurate Builders & Developers for a portfolio of assets that includes three nearly-complete multifamily properties located in Bayonne, Raritan and Linden, NJ that includes 1,161 units nearing completion and an eight-acre development located at the site of the Former Bears Stadium in Newark, NJ, that includes plans to develop 4,200 residential units.
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Approval process begins for controversial 750-unit high-rise project in St. George
Updated May 03, 2021;
Posted May 03, 2021
This rendering shows what the proposed River North project in St. George would look like when complete. (Rendering by FXCollaborative)
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The River North project calls for three apartment buildings of 11, 25 and 26 stories high to be built on a two-acre site at 170-208 Richmond Terrace and 8-26 Stuyvesant Place. The project, proposed by Madison Realty Capital, requires a zone change to allow for the height of the two tallest structures, as those heights are currently prohibited on Staten Island.
For the project to come to fruition, the developer would also need to create a zoning text amendment to the Special St. George District, and would need a special permit for the project to move forward. Madison Realty Capital is also asking the city to approve a zoning map amendment for Richmond Terrace at Stuyvesant Place that would remove the area f
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Madison Realty Capital Originates $395 Million Loan for Portfolio of Three Multifamily Projects .
Madison Realty CapitalMay 3, 2021 GMT
NEW YORK, May 03, 2021 (GLOBE NEWSWIRE) Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $395 million loan to Accurate Builders & Developers for a portfolio of assets that includes three nearly-complete multifamily properties located in Bayonne, Raritan and Linden, NJ that includes 1,161 units nearing completion and an eight-acre development located at the site of the Former Bears Stadium in Newark, NJ, that includes plans to develop 4,200 residential units.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Madison Realty Capital Provides $110 Million Loan for Master Planned Housing Development in .
Madison Realty CapitalApril 21, 2021 GMT
NEW YORK, April 21, 2021 (GLOBE NEWSWIRE) Madison Realty Capital, a fully integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided a $110 million loan to a joint venture between Harridge Development, Silverpeak Real Estate Partners and an affiliate of Cerberus Capital Management for single family home lots located at 27812 South Western Avenue in San Pedro, California.
To date, the majority of the lots in the master planned gated community have been sold or are in contract with home developers.