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The development will grant access to Mott Haven's waterfront for the first time in more than a century through the creation of a 34,000 square foot public waterfront and promenade.
The Rebuild Illinois capital program invested $122 million to fully complete the Springfield Rail Improvement Project, including nearly $30 million to begin this phase of the project.
The 10-story property was sold to a private investor for $11.6 million, according to Gebroe-Hammer's David Oropeza, who represented the seller and procured the buyer of the 76-unit property.
NJ Ignite helps technology and life sciences startup companies realize the benefits of collaborative workspaces by providing up to nine months of rent support for startup technology and life sciences businesses.
DeBartolo and Encore completed the property in April 2019 and had been moving quickly through the lease-up phase of the property located at 7995 Haven Way in Kissimmee.
Cushman & Wakefield brokered the transaction, which saw an incredible amount of interest, more so than almost any property the Bronx team has listed this year.