159 Boerum Street
Developers Land $55M Loan for East Williamsburg Residential Project
Joint developers, Slate Property Group, and Avenue Realty Capital, have just obtained a $55 million loan for a 19-story, residential tower project, going up at 159 Boerum Street in East Williamsburg, Brooklyn. Issued by White Oak Real Estate Capital, this will fund all construction costs from start to finish.
Designed by , 159 Boerum Street will stand feet tall and total square feet. The general contractor, , has already kicked off work, although the build is still in the early stages. The structure will be significantly taller than all other buildings in the immediate area, so it remains to be seen if this project will spawn a new trend for high-rise construction in East Williamsburg.