NEW YORK CITY-Developer BRP Cos. has started construction on the $45 million retail and housing project named the Bradford located in Bedford-Stuyvesant in Brooklyn. The Urban Investment Group of Goldman Sachs has invested $6.5 million in the project, which will feature 105 apartments for families in the low and middle income group.
The firm also serves as equity financier by issuing bonds worth $20.7 million. The New York City Housing Development Corp. is also backing the project along with New Markets Tax Credits. For the full story, go to Wall Street Journal.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
