NEW YORK CITY-A partnership of Flank Development and the CarlyleGroup is buying a development site in downtown Brooklyn for about$40 million. The 30,000-square-foot site, located at 71 Smith St.,is zoned for a structure of slightly more than 310,000 squarefeet.
Flank and Carlyle will build a 105,000-square-foot hotel andapproximately 210,000 square feet of condos. A partnership betweenHamlin Ventures and Time Equities sold the site. Cushman &Wakefield Inc. and JRT Realty Group brokered the deal for theseller. For the full story, go to Crain's New York Business .
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 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.
