Hampshire Properties just pulled off a $70 million construction loan for an apartment building it’s planning for Midwood, Brooklyn, reports The Real Deal.
Bank Leumi provided the financing for 1277 East 14th Street, a planned 302-unit rental building, documents filed with the city on Thursday show. Hampshire filed plans for the project in late 2014, calling for a new eight-story residential building that will span 277,406 square feet and include 152 parking spots.
Hampshire purchased the site — the former Shulamith School for Girls — in 2014 for $20 million, The Real Deal reports.
{Matzav.com}
Oh great. We should expect a traffic nightmare coming soon to our already overcrowded roads. Petfect, just what we need. Where are our elected officials? In on the take?
302 units with 152 parking spots? Good luck, neighbors.
Yikes… more traffic in the area
How long will it take to build?