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The controversial rezoning of the Gowanus neighborhood in Brooklyn, approved by the city at the end of 2021, is already having a noticeable effect on the real estate market. ....
Share this article Share this article NEW YORK, May 13, 2021 /PRNewswire/ CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $35.7 million in financing for the construction of a new 17-story multifamily development in the Clinton Hill section of Brooklyn. The building, which will house 138 mixed-income rental units, is located at 230 Classon Avenue, on the corner of Willoughby Avenue in Clinton Hill. The one- and two-bedroom units will all have balconies and 30% of the units will be offered as affordable income rentals. We are confident in New York City s resiliency and persistent need for new housing, said Tyler Wilkins, Partner of Quinlan Development Group. We appreciated CIT s deep knowledge of the New York real estate market and its expertise in arranging this financing. ....
Quinlan Development Group has broken ground on its newest project at 230 Classon Avenue, on the corner of Willoughby Avenue in Clinton Hill. Located on a parcel owned by St. Mary’s Church, the 17-story, 143,000 s/f mixed-income rental will feature 138 one- and two-bedroom apartments, all with private balconies, and some with yards. In addition, 30 percent of the apartments will be offered as affordable income rentals. Designed by DXA Studio, plans include 8,700 s/f of outdoor space with features such as a private street-level park, landscaped outdoor space on the third floor, and a furnished roof deck offering 360 degree views. Approximately 4,200 s/f has been allocated to indoor amenities, including a study lounge/business center, bike room, tenant storage areas, dog run, fitness center, and recreational lounge with pool table, television, and entertainment kitchen. In addition, there will be on-site parking with 98 spaces.� ....