2201 Beverley Road
Update
04/09/24
Developer Secures $105M Loan for Flatbush Multifamily Project
Developer, , has just obtained a $105 million loan for a 7-story, residential building, set for 2201 Beverley Avenue in Brooklyn's Flatbush neighborhood. Issued by Valley Bank, this influx of capital will be used to fund all construction costs from the ground up.
Coming as part of Clipper's multi-building, "Bedford Square" development, it will contain rental apartments and square feet of commercial space (likely ground-floor retail). Plans also call for an enclosed parking garage, with enough room for vehicles.
Designed by , and to be constructed by , the structure will stand feet tall and total square feet.
The project site spans square feet and sits on the corner of Beverley Road and East 22nd Street. The property is currently used as a parking lot and no demolition will be required.
