89 DeKalb Avenue Update 11/19/24

Dev Lands $158M Loan for LIU's 30-Story Fort Greene Tower Project

Developer, 

pro-btn
, recently secured a $158 million loan for a 30-story, mixed-use tower, going up at 89 DeKalb Avenue in Brooklyn's Fort Greene neighborhood. Issued by Otera Capital, this influx of capital is being used to fund construction costs.

Developed for Long Island University and being constructed on the grounds of the school's Brooklyn campus, the building is set to contain

pro-btn
apartment units. Included in this figure will be 98 units dedicated to affordable housing.

Tenant amenities will total over 15,000 square feet and are to include a fitness center, an outdoor terrace, and co-working areas. In addition to the residential portion, plans call for 55,000 square feet of academic and office space for the university, which will serve to expand the campus and help the institution increase its overall capacity. The cutting-edge tower has been sustainably designed and will be all-electric. It will also feature a smart glass facade system and electric vehicle charging stations.

Designed by 

pro-btn
, with LRC Construction serving as the general contractor, 89 DeKalb Avenue will stand
pro-btn
feet tall and total
pro-btn
square feet. Construction is expected to finish by December of 2025.

View 89 DeKalb Avenue >>

Search BLDUP

Search BLDUP for news, projects, and companies to find the information that pushes your business forward.

Related News

View this and all other News Articles with a PRO membership

pro-btn

Two Clinton Park in New Rochelle
Jul 18, 2024 - Construction Completes on Two Clinton Park read more

View this and all other News Articles with a PRO membership

pro-btn

89 DeKalb Avenue in New York
Apr 12, 2024 - Construction Update: 89 DeKalb Avenue read more

View this and all other News Articles with a PRO membership

pro-btn

Two Clinton Park in New Rochelle
Jan 17, 2024 - Facade Work Wrapping Up on Two Clinton Park read more

View this and all other News Articles with a PRO membership

pro-btn

89 DeKalb Avenue in New York
Nov 29, 2023 - Excavation In Progress for LIU's 30-Story Tower... read more