After a years-long search for financing, 9 DeKalb Avenue is set to rise. Michael Stern’s JDS Development this week secured a $664 million construction loan from Silverstein Capital and Otera Capital, according to the Wall Street Journal. The planned 1,066-foot-tall tower, which will become Brooklyn’s tallest skyscraper and will contain 400 rental apartments and 150 condominiums, alongside 120,000 square feet of retail space. The building is expected to be completed by 2022. In November, Stern […]
source https://therealdeal.com/2019/04/24/jds-secures-664m-construction-loan-for-brooklyns-future-tallest-tower/
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