292 North 8thStreet.
NEW YORK CITY- New York-based co-living company The Collectivehas secured a $75 million construction loan from ACRES Capital tofinance 292 North 8th St., an 11-story student housing andco-living development in Williamsburg, Brooklyn.
Dated for completion in 2022,once the property is up and running it will offer 194 beds for students in addition to aco-living portion with 127 beds for nightly and monthly stays. Theproperty, which has some partnership ties with local universities,features shared amenities including a student lounge, classroomspaces, a rooftop fitness and wellness level that has a sun terraceand sauna, and dining andlaundry facilities for students, who will also have access tointerdisciplinary programming offered at the property.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
