NEW YORK CITY—A joint venture between Megalith CapitalManagement and Urban Realty Partners has entered into a partnershipwith an affiliate of the Carlyle Group and closed on constructionfinancing with Bank Leumi USA for the over $100 million developmentof 200 Water St. and 177 Front St. in Brooklyn.
“We are pleased to have a new equity partner and constructionlender as we move forward with our continued goal to create newcondominium residences and rental apartments within the context andfull recognition of this emerging New York City neighborhood,” saysSam Sidhu, CEO of Megalith Capital Management.
“We have assembled an impressive team led by Ari Aufgang ofAufgang Architects and these new financing partnerships come at anexciting time as we enter the next phase of the projects'development,” adds Shelly Listokin, managing member of Urban RealtyPartners.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
