Avery Hall Investments, along with partner ARIA Development, have secured financing — a $34.2 million construction loan from JPMorgan Chase for 465 Pacific Street in Boerum Hill, Brooklyn.
Avery Hall Investments and partner ARIA Development Group have broken ground on the new seven-story, 30-unit condo building, with 85,000-square-foot, at 465 Pacific Street. The developers plan to finish the $55 million project, with 15,000 square feet of ground-floor retail, in around early 2017.
“We are pleased to expand our relationship with JP Morgan, with whom we’ve worked on great projects in New York and Washington DC, as construction lender on 465 Pacific — and are excited to partner with the dynamic team at Avery Hall to bring this elegant project to fruition,ˮ said Joshua Benaim, founding partner of Aria Development Group.
