NEW YORK CITY-Developer BRP Cos. has started construction on the$45 million retail and housing project named the Bradford locatedin Bedford-Stuyvesant in Brooklyn. The Urban Investment Group ofGoldman Sachs has invested $6.5 million in the project, which willfeature 105 apartments for families in the low and middle incomegroup.


The firm also serves as equity financier by issuing bonds worth$20.7 million. The New York City Housing Development Corp. is alsobacking the project along with New Markets Tax Credits. Forthe full story, go to Wall Street Journal.

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.