Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
PCD Development, a subsidiary of PCD Capital, LLC, and Saber are building a 421-unit luxury rental apartment community with supporting 8,000 square feet of retail space on a riverfront parcel at 238 West Fort Lee Road.
The real estate advisory firm started a year ago by Paul J. Massey, Jr. notes this could mean growth opportunities especially in Harlem, Bushwick and Queens.
The capital will help Spruce expand its market presence outside of Texas, beginning with Denver, enable the company to scale its sales and marketing capabilities, and continue software development efforts.