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171 Calyer Street Update 06/23/22

$22M Loan Issued for Greenpoint Residential Project

Developer, , has just obtained a $22.06 million loan for an approved 6-story mixed-use project, set for 171 Calyer Street in Greenpoint, Brooklyn. Issued by Israel Discount Bank, this influx of capital will be used to fund construction from the ground up.

The building will contain rental apartments and square feet of retail space, located on the ground floor. Residents will have access to a communal recreation room on the second floor, and some units will be offered with outdoor terraces.

Plans also call for a bike storage area as well as an enclosed parking garage, with enough room for vehicles. Designed by , the structure is set to stand feet tall and total square feet.

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