381 Van Brunt Street Update 01/03/24

Developer Lands $12M Loan for Red Hook Mixed-Use Project

Developer, , has just obtained a $12 million loan for a 5-story, mixed-use development, set for 381 Van Brunt Street (aka 379 Van Brunt Street) in Red Hook, Brooklyn. Issued by S3 Capital Partners, this influx of capital will be used to fund all construction costs from the ground up. The building will contain condo units and square feet of commercial space. This will likely come in the form of ground-floor retail. Plans also call for 565 square feet of community facility space, and an open parking area, with enough room for vehicles.

Designed by , the structure will stand feet tall and total square feet. The lot is vacant and overgrown, meaning no demolition will be necessary when construction gets underway.

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