54 Crown Street Update 09/09/24

Facade Installation Continues for 17-Story Rental Project in Crown Heights

Construction crews have now installed a majority of the facade materials at 54 Crown Street; a topped-out, 17-story, residential project, going up in Brooklyn's Crown Heights neighborhood. Developed and constructed by 

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, with 
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 serving as the architect, the
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square foot building is set to contain
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rental apartments and
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square feet of ground-floor retail space.

Plans also call for 1,325 square feet of community facility space, and a large, enclosed parking garage, with enough room for

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vehicles. Back in August, the team secured a $233 million construction loan for the project. The loan was issued by Urban Investment Group, a real estate and community development lending division of Goldman Sachs.

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