Real Estate Weekly
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Debt & Equity

JLL secures $21M construction finance for Bushwick glassworks redevelopment

On behalf of ASH NYC LLC, JLL’s Capital Markets experts has secured $21 million in construction financing for 336 Himrod Street, a mixed-used, 80/20 development in Brooklyn’s Bushwick neighborhood.

Santander Bank, N.A. provided the loan.

Vice president Jonathan Schwartz and managing director Max Herzog led the JLL team on the transaction.

The re-development calls for the partial conversion of the former Dannenhoffer’s Opalescent Glassworks factory and the partial ground up development for a mixed-use, luxury multifamily asset.

Upon completion, 336 Himrod Street will total 63 units, 4,600 s/f of ground floor commercial space with an adjoining 4,200 s/f concourse level, a 1,560 s/f community facility, a full cellar, outdoor space and at-grade parking.

 

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