Monday 30 December 2019

Developers score at least $689M in city financing for LIC development

The developers of two new skyscrapers on the Queens waterfront just scored at least $689 million in city financing. The developers, a joint venture between Gotham Organization and RiseBoro Community Partnership, received the loan from the city’s Housing Development Corporation for their Hunters Point South mixed-use project, according to records filed with the city Monday. The massive project will include more than 1,000 residential units and be composed of two towers, according to plans filed



source https://therealdeal.com/2019/12/30/developers-score-at-least-689m-in-city-financing-for-lic-development/

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