Search Results for: planned residential development

June 24, 2014

Real Estate Wire: Bed Stuy Getting 50 New Condos; Brooklyn’s Tallest Building Killing It in Sales

We roundup today’s residential real estate news highlights for one digestible bite: Bed Stuy is getting a brand new 10-story mixed-use building complete with 50 apartments [Brownstoner] NYC gets a rent hike! Of 1%… The lowest ever recorded [New York Post] South Slope’s newest condo development just placed its units on the market. The cheapest […]

June 11, 2014

Chinese Property Company Taps Fortress Investment Group for $165M for the Oosten Williamsburg Condos

Back in 2012, Chinese company Xinyuan Real Estate Co. purchased a $54.2 million, 92,000-square-foot, Kent Ave. site in Williamsburg for its first development in the U.S. — which they said, of course, would be slated for a luxury condo building. Now it looks like their dev team is ready to kick it into high gear and Xinyuan has enlisted the help of Fortress Investment Group in the form of a $165 million loan. An interestingly enough, the project is the beautiful Oosten condo development designed by Dutch architect Piet Boon.
Details and Renderings of Xinyuan's development here