A multifamily project at the former site of a landmarked Sears store in Flatbush has landed $95M in construction financing.
Clipper Equity announced it secured the financing for a 226-unit development at 2359 Bedford Avenue, with 30% of the apartments designated as affordable units, from Bank Hapoalim and its U.S. division, BHI..
The 148K SF development, which will include 23K SF of commercial space and 10K SF of retail space, is part of a four-building project that will stretch across three city blocks around the historic site at the corner of Bedford Avenue and Beverly Road.
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