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Gindi Capital, Avery Hall close on $110 million in construction financing for mixed-use development in Gowanus
Gindi Capital and Avery Hall closed on $110 million in construction financing for the development of a 13-story, 193-unit multifamily building at the intersection of Gowanus and Park Slope in Brooklyn, N.Y. The team broke ground on the project in 2022 and is set to complete construction in 2024. Affinius Capital provided the construction financing for the project. The financing was arranged by JLL.
Located on a full city block on 4th Avenue between Union and Sackett streets in Brooklyn, the mixed-use, mixed-income project will deliver rental apartments with a full range of amenities, including a rooftop lounge and pool, coworking space, children’s playroom, fitness center, pet-washing station, tenant storage and bike room. The project will also add 14,000 square feet of prime retail space on the ground floor. On the border of emerging arts and nightlife destination Gowanus and the historic Brownstone Park Slope neighborhood, building residents will enjoy quick a