Besen announced that its capital markets group has arranged both the equity and debt necessary for the acquisition and development of a 130-acre land parcel specially zoned and with concept plan approval to develop a mixed-use, transit-oriented development (TOD), located just one mile south of the world renowned Woodbury Commons, N.Y.
The half billion–dollar, mixed-use project will create a scalable, walkable community with modern apartment living and destination retail surrounding the train station core. Townhouses and other “for sale” asset types will also be available immediately outside the Harriman transit hub (Metro North).
Besen arranged both the loan, with Gamma Real Estate, and the equity, from Targeted Capital Solutions.
The project site span
