W’burg development gets $50M construction loan

TRD New York /
Mar.March 19, 2012 04:30 PM

LCOR has secured a $50 million construction loan from German bank Helaba to develop a 234-unit rental building in Williamsburg, according to Crain’s. As previously reported, LCOR purchased the vacant site, located at 250 North 10th Street between Roebling and Union avenues in Williamsburg, last year. Construction is slated to begin immediately, with leases anticipated to begin in the fall of 2013.

The property, designed by SLCE Architects, will span six stories, 185,000 square feet and will include a 117-space parking lot. It will have a mix of studios and one- and two-bedroom apartments. In addition, the building will have an attended lobby, 24-hour lounge in the lobby with coffee service, outdoor courtyard, entertainment lounge on the top floor and rooftop terrace.

LCOR, a Pennsylvania-based real estate investment and development firm, developed 34 Berry, a nearby rental building in 2010. [Crain’s]


Related Articles

arrow_forward_ios
25 Broad Street and renderings of interior units from Booking.com (Credit: Google Maps and Booking)

LCOR lands rental deal with Booking.com for empty condos

LCOR’s Anthony Tortora and the parking lot at 1517 Surf Avenue (Credit: Google Maps and LCOR)

California teachers get in on Coney Island’s redevelopment

From left: Adamson Associates' Alan Tearle, Handel Architects' Gary Handel, Aufgang Architects' Ariel Aufgang (Credit: Getty Images, iStock, Adamson, Aufgang)

These architects designed the most new dev in NYC this year

Meet the architects bringing NYC’s biggest 2018 projects to life

Meet the architects bringing NYC’s biggest 2018 projects to life

At the desk of: James Davidson

At the desk of: James Davidson

LCOR eyes $400M sellout for condo conversion of 25 Broad

LCOR eyes $400M sellout for condo conversion of 25 Broad

These are the 5 most active architecture firms in Brooklyn

These are the 5 most active architecture firms in Brooklyn

These are the firms behind some of NYC’s biggest starchitects

These are the firms behind some of NYC’s biggest starchitects

arrow_forward_ios
Loading...